Mutual of America Capital Management LLC Trims Stock Holdings in Greif, Inc. (NYSE:GEF)

Mutual of America Capital Management LLC reduced its holdings in shares of Greif, Inc. (NYSE:GEF) by 5.5% in the third quarter, Holdings Channel.com reports. The fund owned 13,949 shares of the industrial products company’s stock after selling 819 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Greif were worth $874,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GEF. Verdence Capital Advisors LLC increased its stake in shares of Greif by 3.2% during the third quarter. Verdence Capital Advisors LLC now owns 5,195 shares of the industrial products company’s stock valued at $326,000 after buying an additional 163 shares during the period. State of Alaska Department of Revenue increased its position in Greif by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,068 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 200 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Greif by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,049 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 222 shares in the last quarter. Quarry LP lifted its position in shares of Greif by 71.9% in the 2nd quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 228 shares during the period. Finally, Cadence Wealth Management LLC boosted its stake in shares of Greif by 11.1% during the second quarter. Cadence Wealth Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 444 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GEF. Truist Financial reissued a “hold” rating and issued a $67.00 price target (down from $69.00) on shares of Greif in a research report on Friday, August 30th. Sidoti assumed coverage on shares of Greif in a research report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $88.00 price target on shares of Greif in a report on Monday, August 26th. Bank of America reduced their price objective on shares of Greif from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Wells Fargo & Company lowered their target price on shares of Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.40.

Greif Trading Down 0.5 %

Shares of NYSE GEF opened at $71.80 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $3.39 billion, a PE ratio of 15.61 and a beta of 0.91. Greif, Inc. has a twelve month low of $55.95 and a twelve month high of $73.16. The stock has a fifty day simple moving average of $64.39 and a 200-day simple moving average of $62.66.

Greif (NYSE:GEF) last announced 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). Greif had a net margin of 4.99% and a return on equity of 13.28%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. On average, equities analysts forecast that Greif, Inc. will post 4.2 earnings per share for the current year.

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.