QRG Capital Management Inc. Invests $480,000 in Greif, Inc. $GEF

QRG Capital Management Inc. acquired a new stake in shares of Greif, Inc. (NYSE:GEF) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,153 shares of the industrial products company’s stock, valued at approximately $480,000.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Greif by 106.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock valued at $42,000 after buying an additional 317 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 172 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Greif during the 4th quarter worth about $84,000. Simplex Trading LLC lifted its stake in Greif by 399.5% during the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,482 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Greif in the first quarter worth about $201,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Greif Stock Performance

Shares of GEF opened at $73.66 on Friday. The company’s fifty day moving average is $67.84 and its 200-day moving average is $69.28. Greif, Inc. has a 12 month low of $55.75 and a 12 month high of $77.14. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 0.74 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.24.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 EPS. Equities analysts expect that Greif, Inc. will post 3.87 EPS for the current fiscal year.

Greif Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th were given a $0.62 dividend. This is an increase from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, June 17th. Greif’s payout ratio is presently 95.02%.

Insider Buying and Selling at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $65.26, for a total transaction of $130,520.00. Following the completion of the sale, the senior vice president owned 65,832 shares in the company, valued at approximately $4,296,196.32. This represents a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GEF. Truist Financial cut their price target on shares of Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Weiss Ratings raised shares of Greif from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Wells Fargo & Company lowered their price objective on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Finally, Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.50.

Greif Company Profile

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.