Twelve Points Wealth Management LLC Buys 4,036 Shares of Greif, Inc. (NYSE:GEF)

Twelve Points Wealth Management LLC boosted its position in Greif, Inc. (NYSE:GEF) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,684 shares of the industrial products company’s stock after acquiring an additional 4,036 shares during the quarter. Twelve Points Wealth Management LLC owned 0.07% of Greif worth $1,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of Greif by 4.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 784,004 shares of the industrial products company’s stock valued at $49,126,000 after purchasing an additional 30,192 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Greif by 9.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,637 shares of the industrial products company’s stock valued at $32,874,000 after acquiring an additional 44,473 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Greif by 16.7% during the second quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company’s stock worth $21,381,000 after acquiring an additional 53,110 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Greif by 15.5% in the 3rd quarter. Systematic Financial Management LP now owns 302,552 shares of the industrial products company’s stock worth $18,958,000 after acquiring an additional 40,494 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Greif in the 2nd quarter valued at $4,012,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Truist Financial boosted their price target on shares of Greif from $67.00 to $71.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Bank of America dropped their target price on Greif from $79.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Sidoti assumed coverage on Greif in a research note on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Greif has a consensus rating of “Moderate Buy” and a consensus price target of $79.33.

Greif Stock Performance

Shares of GEF stock opened at $61.58 on Wednesday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.99 and a beta of 0.95. The stock has a fifty day moving average of $64.28 and a 200 day moving average of $63.36. Greif, Inc. has a 52 week low of $55.95 and a 52 week high of $73.16. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). Greif had a net margin of 4.81% and a return on equity of 11.84%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $1.56 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, research analysts expect that Greif, Inc. will post 4.22 earnings per share for the current year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, December 16th. Greif’s dividend payout ratio is presently 47.79%.

Insider Buying and Selling

In other news, Director B Andrew Rose purchased 3,500 shares of Greif stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $70.20 per share, with a total value of $245,700.00. Following the completion of the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $245,700. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lawrence A. Hilsheimer bought 550 shares of Greif stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $67.88 per share, with a total value of $37,334.00. Following the acquisition, the chief financial officer now owns 162,151 shares in the company, valued at approximately $11,006,809.88. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 6,225 shares of company stock worth $431,731 in the last three months. 7.60% of the stock is owned by corporate insiders.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.