Y Intercept Hong Kong Ltd Increases Position in Greif, Inc. $GEF

Y Intercept Hong Kong Ltd increased its position in Greif, Inc. (NYSE:GEF) by 159.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,425 shares of the industrial products company’s stock after acquiring an additional 13,157 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Greif were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEF. Blue Trust Inc. grew its stake in Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 176 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Greif during the second quarter worth about $214,000. Neuberger Berman Group LLC purchased a new stake in Greif in the second quarter valued at approximately $216,000. Captrust Financial Advisors purchased a new stake in Greif in the second quarter valued at approximately $227,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Greif in the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Insiders Place Their Bets

In other Greif news, CFO Lawrence A. Hilsheimer bought 1,000 shares of Greif stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $65.49 per share, with a total value of $65,490.00. Following the purchase, the chief financial officer directly owned 198,444 shares in the company, valued at $12,996,097.56. This represents a 0.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction on Monday, January 12th. The shares were sold at an average price of $71.54, for a total transaction of $143,080.00. Following the completion of the sale, the senior vice president directly owned 58,678 shares in the company, valued at $4,197,824.12. This represents a 3.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 32,293 shares of company stock valued at $2,145,733 and have sold 70,584 shares valued at $4,408,749. 7.70% of the stock is currently owned by corporate insiders.

Greif Stock Performance

Shares of NYSE GEF opened at $70.63 on Friday. The company has a market capitalization of $3.35 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 0.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.23. The company’s fifty day moving average price is $68.99 and its 200 day moving average price is $64.49. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $74.00.

Greif (NYSE:GEF) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). Greif had a net margin of 7.52% and a return on equity of 8.46%. The firm had revenue of $994.80 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 18th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, December 18th. Greif’s dividend payout ratio (DPR) is presently 85.82%.

Analyst Ratings Changes

Several analysts have commented on GEF shares. Robert W. Baird set a $75.00 price objective on shares of Greif in a research note on Thursday. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Wells Fargo & Company upped their price target on shares of Greif from $72.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Truist Financial lifted their price objective on Greif from $71.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.50.

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.