LSV Asset Management increased its holdings in shares of Greif, Inc. (NYSE:GEF) by 73.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,200 shares of the industrial products company’s stock after purchasing an additional 30,100 shares during the period. LSV Asset Management owned approximately 0.15% of Greif worth $4,313,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in Greif by 477.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock valued at $1,490,000 after acquiring an additional 21,041 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Greif by 150.9% during the 3rd quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock worth $5,035,000 after purchasing an additional 51,726 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Greif by 3,048.2% during the 3rd quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 4,237 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Greif during the 3rd quarter worth approximately $216,000. Finally, Nine Chapters Capital Management LLC increased its position in shares of Greif by 83.3% during the 3rd quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock worth $515,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 47.39% of the company’s stock.
A number of research analysts recently weighed in on the company. DA Davidson raised Greif from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, December 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Greif in a report on Friday, November 10th. KeyCorp set a $47.00 target price on Greif and gave the company a “sell” rating in a research report on Friday, December 8th. Bank of America upgraded Greif from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “hold” rating and set a $57.00 price objective on shares of Greif in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $64.00.
Greif (NYSE:GEF) last released its earnings results on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.89 by $0.09. The business had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $931.96 million. Greif had a return on equity of 17.06% and a net margin of 3.26%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. equities analysts forecast that Greif, Inc. will post 3.4 earnings per share for the current year.
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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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