Aperio Group LLC reduced its position in Greif Bros. Corporation (NYSE:GEF) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,349 shares of the industrial products company’s stock after selling 552 shares during the period. Aperio Group LLC’s holdings in Greif Bros. Corporation were worth $745,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. State Treasurer State of Michigan increased its stake in Greif Bros. Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 10,500 shares of the industrial products company’s stock worth $578,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Greif Bros. Corporation by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,877 shares of the industrial products company’s stock worth $489,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Greif Bros. Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the industrial products company’s stock worth $358,000 after buying an additional 100 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in Greif Bros. Corporation by 0.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,200 shares of the industrial products company’s stock worth $1,554,000 after buying an additional 100 shares in the last quarter. Finally, Invictus RG increased its stake in Greif Bros. Corporation by 2.5% in the first quarter. Invictus RG now owns 6,409 shares of the industrial products company’s stock worth $353,000 after buying an additional 156 shares in the last quarter. Institutional investors own 48.84% of the company’s stock.
Shares of Greif Bros. Corporation (NYSE:GEF) traded up 0.16% during midday trading on Monday, reaching $56.14. The company’s stock had a trading volume of 15,135 shares. Greif Bros. Corporation has a one year low of $40.77 and a one year high of $63.04. The stock’s 50 day moving average price is $56.47 and its 200 day moving average price is $56.46. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 27.96 and a beta of 1.37.
Greif Bros. Corporation (NYSE:GEF) last released its earnings results on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.07. Greif Bros. Corporation had a return on equity of 16.17% and a net margin of 2.81%. The business had revenue of $887.40 million during the quarter, compared to analysts’ expectations of $891.22 million. During the same period last year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that Greif Bros. Corporation will post $2.89 earnings per share for the current year.
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GEF has been the topic of a number of recent research reports. BMO Capital Markets restated a “hold” rating and set a $55.00 price objective on shares of Greif Bros. Corporation in a research report on Thursday. BidaskClub upgraded Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Bank of America Corporation set a $60.00 price objective on Greif Bros. Corporation and gave the company a “buy” rating in a research report on Saturday, June 10th. Robert W. Baird restated an “outperform” rating and set a $63.00 price objective on shares of Greif Bros. Corporation in a research report on Sunday, June 11th. Finally, ValuEngine upgraded Greif Bros. Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.50.
In other Greif Bros. Corporation news, major shareholder Shannon J. Diener bought 5,189 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average cost of $62.37 per share, with a total value of $323,637.93. Following the purchase, the insider now directly owns 10,189 shares of the company’s stock, valued at approximately $635,487.93. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.37% of the company’s stock.
About Greif Bros. Corporation
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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