Greif, Inc. (NYSE:GEF) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in shares of Greif, Inc. (NYSE:GEF) by 4.9% in the 2nd quarter, Holdings Channel reports. The firm owned 10,598 shares of the industrial products company’s stock after buying an additional 492 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Greif were worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GEF. Thrivent Financial for Lutherans raised its holdings in shares of Greif by 5.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,591 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 345 shares during the period. Mason Street Advisors LLC raised its holdings in shares of Greif by 2.7% during the first quarter. Mason Street Advisors LLC now owns 13,950 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 362 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Greif by 1.5% during the first quarter. Retirement Systems of Alabama now owns 34,149 shares of the industrial products company’s stock valued at $1,409,000 after acquiring an additional 514 shares during the period. Texas Permanent School Fund raised its holdings in shares of Greif by 4.9% during the first quarter. Texas Permanent School Fund now owns 17,812 shares of the industrial products company’s stock valued at $735,000 after acquiring an additional 837 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Greif by 23.1% during the first quarter. Wedge Capital Management L L P NC now owns 7,850 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 1,472 shares during the period. 47.84% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of Greif from a “b-” rating to a “c+” rating in a report on Friday, June 14th. Bank of America set a $37.00 price target on shares of Greif and gave the company a “sell” rating in a report on Friday, June 7th. Zacks Investment Research upgraded shares of Greif from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a report on Thursday, May 30th. Finally, Wells Fargo & Co set a $40.00 price target on shares of Greif and gave the company a “hold” rating in a report on Friday, June 7th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus target price of $36.88.

Greif stock opened at $33.81 on Friday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.05 and a beta of 1.35. The company has a current ratio of 1.67, a quick ratio of 1.15 and a debt-to-equity ratio of 2.51. The company has a 50 day moving average of $33.81. Greif, Inc. has a twelve month low of $30.12 and a twelve month high of $59.00.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, June 5th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.24 billion. Greif had a net margin of 3.68% and a return on equity of 19.11%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Research analysts expect that Greif, Inc. will post 3.79 EPS for the current fiscal year.

In related news, Director Mark A. Emkes acquired 1,190 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were purchased at an average price of $32.75 per share, for a total transaction of $38,972.50. Following the purchase, the director now owns 31,532 shares in the company, valued at $1,032,673. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter G. Watson acquired 15,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of $32.71 per share, for a total transaction of $490,650.00. Following the purchase, the chief executive officer now owns 140,011 shares in the company, valued at approximately $4,579,759.81. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 20,358 shares of company stock worth $670,275. Company insiders own 13.56% of the company’s stock.

About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Institutional Ownership by Quarter for Greif (NYSE:GEF)

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