Aigen Investment Management LP Purchases New Holdings in Greif, Inc. $GEF

Aigen Investment Management LP purchased a new stake in Greif, Inc. (NYSE:GEF) in the 4th quarter, HoldingsChannel reports. The fund purchased 7,761 shares of the industrial products company’s stock, valued at approximately $525,000.

Several other hedge funds have also made changes to their positions in GEF. Exchange Traded Concepts LLC purchased a new stake in shares of Greif in the 4th quarter valued at approximately $84,000. Simplex Trading LLC lifted its position in shares of Greif by 399.5% in the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,482 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Greif in the 4th quarter valued at approximately $221,000. Captrust Financial Advisors purchased a new stake in shares of Greif in the 2nd quarter valued at approximately $227,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Greif in the 2nd quarter valued at approximately $230,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GEF shares. Wells Fargo & Company reduced their price target on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Truist Financial dropped their price objective on shares of Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Finally, Weiss Ratings lowered shares of Greif from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Greif presently has a consensus rating of “Hold” and an average price target of $73.50.

Insider Transactions at Greif

In related news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $65.26, for a total value of $130,520.00. Following the completion of the sale, the senior vice president directly owned 65,832 shares in the company, valued at approximately $4,296,196.32. This represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock valued at $406,680 in the last three months. Corporate insiders own 7.70% of the company’s stock.

Greif Stock Up 1.3%

Greif stock opened at $69.31 on Tuesday. The firm has a market cap of $3.20 billion, a PE ratio of 26.55, a P/E/G ratio of 0.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.28. The firm’s 50 day moving average price is $66.10 and its two-hundred day moving average price is $68.55. Greif, Inc. has a twelve month low of $55.75 and a twelve month high of $77.14.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a return on equity of 7.50% and a net margin of 7.27%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $1.19 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts predict that Greif, Inc. will post 3.87 EPS for the current fiscal year.

Greif Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a $0.62 dividend. This is a boost from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, June 17th. Greif’s dividend payout ratio is currently 85.82%.

Greif Profile

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.