Mutual of America Capital Management LLC Sells 819 Shares of Greif, Inc. (NYSE:GEF)

Mutual of America Capital Management LLC decreased its holdings in shares of Greif, Inc. (NYSE:GEF) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,760 shares of the industrial products company’s stock after selling 819 shares during the period. Mutual of America Capital Management LLC’s holdings in Greif were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC grew its position in shares of Greif by 6.4% during the 3rd quarter. AQR Capital Management LLC now owns 402,383 shares of the industrial products company’s stock valued at $26,883,000 after acquiring an additional 24,230 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Greif by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 394,238 shares of the industrial products company’s stock worth $26,339,000 after buying an additional 10,390 shares during the period. Invesco Ltd. boosted its holdings in Greif by 2.6% in the 3rd quarter. Invesco Ltd. now owns 281,266 shares of the industrial products company’s stock worth $18,791,000 after buying an additional 7,202 shares during the period. Cambria Investment Management L.P. boosted its holdings in Greif by 8.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 119,974 shares of the industrial products company’s stock worth $8,015,000 after buying an additional 9,366 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Greif by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 103,469 shares of the industrial products company’s stock worth $6,913,000 after buying an additional 542 shares during the period. Institutional investors own 45.74% of the company’s stock.

Greif Stock Up 0.7 %

Shares of GEF stock opened at $61.78 on Tuesday. The stock has a market cap of $2.91 billion, a P/E ratio of 10.69, a PEG ratio of 1.54 and a beta of 0.87. Greif, Inc. has a 52 week low of $59.37 and a 52 week high of $76.00. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $64.18 and its two-hundred day simple moving average is $64.81.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $1.07. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Greif had a net margin of 6.53% and a return on equity of 18.65%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. Analysts predict that Greif, Inc. will post 4 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, March 15th. Greif’s dividend payout ratio is 35.99%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Greif from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $64.00 to $75.00 in a report on Thursday, January 11th. StockNews.com raised shares of Greif from a “hold” rating to a “buy” rating in a report on Monday, January 1st. Finally, Truist Financial initiated coverage on shares of Greif in a research note on Thursday, April 18th. They issued a “hold” rating and a $71.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.25.

Insider Activity

In other news, Treasurer Anthony John Krabill purchased 745 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $63.12 per share, for a total transaction of $47,024.40. Following the acquisition, the treasurer now owns 1,651 shares of the company’s stock, valued at approximately $104,211.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Gary R. Martz purchased 1,925 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average cost of $68.86 per share, for a total transaction of $132,555.50. Following the acquisition, the vice president now owns 10,025 shares of the company’s stock, valued at approximately $690,321.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Anthony John Krabill purchased 745 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $63.12 per share, for a total transaction of $47,024.40. Following the completion of the acquisition, the treasurer now directly owns 1,651 shares in the company, valued at approximately $104,211.12. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 42,934 shares of company stock worth $2,864,352 and have sold 6,000 shares worth $384,620. Corporate insiders own 3.07% of the company’s stock.

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.