Systematic Financial Management LP Has $15.06 Million Stake in Greif, Inc. (NYSE:GEF)

Systematic Financial Management LP increased its stake in Greif, Inc. (NYSE:GEF) by 12.3% in the 2nd quarter, Holdings Channel reports. The firm owned 262,058 shares of the industrial products company’s stock after purchasing an additional 28,669 shares during the period. Systematic Financial Management LP’s holdings in Greif were worth $15,061,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Greif during the 2nd quarter worth $64,000. DekaBank Deutsche Girozentrale lifted its position in shares of Greif by 80.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 561 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Greif during the 2nd quarter worth about $80,000. Quest Partners LLC boosted its stake in Greif by 27,766.7% during the 2nd quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 1,666 shares during the period. Finally, TFO Wealth Partners LLC grew its holdings in Greif by 162,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,627 shares during the last quarter. Institutional investors own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Greif from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Truist Financial reaffirmed a “hold” rating and issued a $67.00 price target (down previously from $69.00) on shares of Greif in a report on Friday, August 30th. Stifel Nicolaus restated a “buy” rating and issued a $88.00 target price on shares of Greif in a research note on Monday, August 26th. Raymond James started coverage on shares of Greif in a research note on Friday, July 19th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company lowered their target price on shares of Greif from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $76.00.

Greif Stock Performance

NYSE GEF opened at $62.32 on Friday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 13.40 and a beta of 0.91. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. Greif, Inc. has a 1-year low of $55.95 and a 1-year high of $71.36. The company has a 50 day moving average of $61.92 and a 200-day moving average of $62.54.

Greif (NYSE:GEF) last issued its quarterly earnings data 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. Greif had a net margin of 4.99% and a return on equity of 13.28%. On average, equities analysts forecast that Greif, Inc. will post 4.2 earnings per share for the current fiscal year.

Greif Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.16 dividend on an annualized basis and a yield of 3.47%. This is a positive change from Greif’s previous quarterly dividend of $0.52. Greif’s dividend payout ratio is currently 46.45%.

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.