Recently, several institutional investors adjusted their positions in Greif, Inc. AQR Capital Management increased its stake by 16.7%, owning 372,040 shares worth $21.4 million. Systematic Financial Management raised its holdings by 12.3% to 262,058 shares valued at $15.1 million. Marshall Wace LLP acquired shares worth approximately $4 million. Price T Rowe Associates raised its stake by 5.4%, owning 17,151 shares valued at $1.2 million. Thrivent Financial increased its stake significantly by 59.2%, now owning 753,812 shares valued at $43.3 million. Altogether, institutional investors hold 45.74% of the company’s stock.
Greif Stock Performance
Greif’s shares opened at $64.90 on Thursday. Key financial metrics include a debt-to-equity ratio of 1.35, a current ratio of 1.70, and a quick ratio of 1.28. The market cap is $3.06 billion, with a PE ratio of 13.96 and a beta of 0.91. The 12-month price range is between $55.95 and $71.36. Its 50-day moving average is $61.70, and the 200-day average is $62.23.
Greif reported earnings on August 28, with an EPS of $1.03, lower than the expected $1.17. Revenue was $1.45 billion, beating the estimate of $1.43 billion. The return on equity was 13.28%, with a net margin of 4.99%. Analysts predict an EPS of 4.2 for the current year.
Greif Increases Dividend
Greif declared a quarterly dividend of $0.54 per share, up from $0.52, with a dividend yield of 3.33%. This dividend was paid on October 1 to stockholders who were on record as of September 16. The payout ratio is currently 46.45%.
Wall Street Analysts Forecast Growth
Analysts have mixed ratings for Greif. StockNews downgraded it from “buy” to “hold.” Bank of America lowered its price target from $77 to $73 while maintaining a “buy” rating. Truist reiterated a “hold” rating with a target of $67 (down from $69), and Wells Fargo cut its target from $80 to $76 with an “overweight” rating. Stifel Nicolaus maintained a “buy” rating with an $88 target. Overall, three analysts recommend holding and three recommend buying, giving a consensus rating of “Moderate Buy” with an average price target of $76.
Check Out Our Latest Analysis on Greif
Greif Company Profile
Greif, Inc. specializes in industrial packaging products and services globally. It operates in segments like Global Industrial Packaging, Paper Packaging & Services, and Land Management. The Global Industrial Packaging segment produces various packaging products and offers related services to multiple industries.
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