DekaBank Deutsche Girozentrale Has $73,000 Stake in Greif, Inc. (NYSE:GEF)

DekaBank Deutsche Girozentrale lifted its holdings in Greif, Inc. (NYSE:GEF) by 80.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,258 shares of the industrial products company’s stock after acquiring an additional 561 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Greif were worth $73,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its position in Greif by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 105,852 shares of the industrial products company’s stock valued at $6,943,000 after purchasing an additional 2,383 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Greif by 21.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $293,000 after buying an additional 786 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Greif by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,725 shares of the industrial products company’s stock worth $1,359,000 after buying an additional 1,211 shares in the last quarter. Norges Bank bought a new stake in Greif during the 4th quarter worth about $10,972,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Greif in the 4th quarter valued at about $524,000. 45.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GEF has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $88.00 price target on shares of Greif in a research note on Monday, August 26th. Wells Fargo & Company lowered their target price on Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Bank of America cut their price target on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Raymond James assumed coverage on Greif in a report on Friday, July 19th. They issued a “market perform” rating on the stock. Finally, Truist Financial reissued a “hold” rating and set a $67.00 price objective (down from $69.00) on shares of Greif in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Greif Stock Down 1.6 %

Shares of Greif stock opened at $62.93 on Friday. The business has a fifty day simple moving average of $61.96 and a 200 day simple moving average of $62.59. The stock has a market cap of $2.97 billion, a PE ratio of 13.53 and a beta of 0.91. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 1.35. Greif, Inc. has a 12 month low of $55.95 and a 12 month high of $71.36.

Greif (NYSE:GEF) last posted its earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.14). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. Greif had a return on equity of 13.28% and a net margin of 4.99%. Research analysts predict that Greif, Inc. will post 4.22 EPS for the current year.

Greif Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Greif’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, September 16th. Greif’s dividend payout ratio (DPR) is currently 46.45%.

Greif 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.