Brandywine Global Investment Management LLC Invests $3.31 Million in Greif, Inc. (NYSE:GEF) Stock

Brandywine Global Investment Management LLC purchased a new position in Greif, Inc. (NYSE:GEF) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 89,107 shares of the industrial products company’s stock, valued at approximately $3,307,000. Brandywine Global Investment Management LLC owned 0.19% of Greif at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in shares of Greif by 3,124.9% during the 3rd quarter. Marshall Wace LLP now owns 313,334 shares of the industrial products company’s stock worth $16,814,000 after purchasing an additional 303,618 shares during the period. LSV Asset Management raised its position in shares of Greif by 157.6% in the 4th quarter. LSV Asset Management now owns 292,100 shares of the industrial products company’s stock worth $10,839,000 after buying an additional 178,700 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Greif by 36.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 433,170 shares of the industrial products company’s stock worth $23,244,000 after buying an additional 116,519 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of Greif by 32.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 433,811 shares of the industrial products company’s stock worth $16,099,000 after buying an additional 106,121 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Greif by 61.7% in the 3rd quarter. AQR Capital Management LLC now owns 262,223 shares of the industrial products company’s stock worth $14,071,000 after buying an additional 100,047 shares during the period. Institutional investors and hedge funds own 48.22% of the company’s stock.

GEF has been the topic of several research reports. KeyCorp reissued a “sell” rating and issued a $31.00 price objective on shares of Greif in a research report on Thursday, February 28th. Zacks Investment Research lowered Greif from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Wells Fargo & Co lowered Greif from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $53.00 to $36.00 in a research report on Thursday, December 20th. Robert W. Baird lowered Greif from an “outperform” rating to a “neutral” rating in a research report on Monday, January 7th. Finally, ValuEngine raised Greif from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 1st. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and a consensus price target of $40.38.

Shares of Greif stock traded down $1.25 during trading hours on Monday, hitting $39.79. 96,800 shares of the company’s stock traded hands, compared to its average volume of 244,631. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.83 and a quick ratio of 1.29. The company has a market capitalization of $1.97 billion, a PE ratio of 11.27, a P/E/G ratio of 1.26 and a beta of 1.55. Greif, Inc. has a twelve month low of $31.80 and a twelve month high of $62.75.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, February 27th. The industrial products company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $897.00 million during the quarter, compared to the consensus estimate of $922.24 million. Greif had a return on equity of 18.89% and a net margin of 4.72%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. On average, equities analysts expect that Greif, Inc. will post 3.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were paid a $0.44 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.76 dividend on an annualized basis and a yield of 4.42%. Greif’s dividend payout ratio (DPR) is 49.86%.

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Greif Company Profile

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.

See Also: Balance Sheet

Institutional Ownership by Quarter for Greif (NYSE:GEF)

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