Greif, Inc. (NYSE:GEF) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its stake in Greif, Inc. (NYSE:GEF) by 35.0% in the third quarter, Holdings Channel reports. The firm owned 2,257 shares of the industrial products company’s stock after purchasing an additional 585 shares during the period. Quest Partners LLC’s holdings in Greif were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Greif by 16.7% during the second quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company’s stock worth $21,381,000 after buying an additional 53,110 shares during the period. Systematic Financial Management LP grew its stake in Greif by 12.3% during the 2nd quarter. Systematic Financial Management LP now owns 262,058 shares of the industrial products company’s stock valued at $15,061,000 after purchasing an additional 28,669 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Greif in the second quarter valued at about $4,012,000. Truist Financial Corp purchased a new position in shares of Greif in the second quarter worth about $452,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Greif by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,151 shares of the industrial products company’s stock worth $1,185,000 after purchasing an additional 886 shares during the period. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Analyst Upgrades and Downgrades

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

Greif Trading Down 1.4 %

Shares of Greif stock opened at $70.80 on Friday. The firm has a 50-day simple moving average of $64.76 and a two-hundred day simple moving average of $62.77. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.28 and a current ratio of 1.70. Greif, Inc. has a fifty-two week low of $55.95 and a fifty-two week high of $73.16. The company has a market cap of $3.34 billion, a P/E ratio of 15.39 and a beta of 0.91.

Greif (NYSE:GEF) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.14). Greif had a return on equity of 13.28% and a net margin of 4.99%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. As a group, equities analysts predict that Greif, Inc. will post 4.2 earnings per share for the current fiscal 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.