Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Greif, Inc. (NYSE:GEF) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,317 shares of the industrial products company’s stock after selling 17,807 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.12% of Greif worth $2,201,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GEF. Vanguard Group Inc. grew its position in shares of Greif by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,253,981 shares of the industrial products company’s stock worth $229,178,000 after purchasing an additional 50,538 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Greif by 0.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 893,936 shares of the industrial products company’s stock worth $33,174,000 after purchasing an additional 6,000 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Greif by 32.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 433,811 shares of the industrial products company’s stock worth $16,099,000 after acquiring an additional 106,121 shares during the period. Pictet Asset Management Ltd. lifted its holdings in shares of Greif by 36.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 433,170 shares of the industrial products company’s stock worth $23,244,000 after acquiring an additional 116,519 shares during the period. Finally, Investment Counselors of Maryland LLC lifted its holdings in shares of Greif by 1.8% during the 4th quarter. Investment Counselors of Maryland LLC now owns 418,143 shares of the industrial products company’s stock worth $15,517,000 after acquiring an additional 7,584 shares during the period. 48.22% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:GEF traded up $0.42 during trading hours on Friday, reaching $38.71. The company had a trading volume of 173,875 shares, compared to its average volume of 167,649. The company has a current ratio of 1.83, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.22 and a beta of 1.55. Greif, Inc. has a twelve month low of $31.80 and a twelve month high of $62.75.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, March 15th. Greif’s payout ratio is currently 49.86%.
A number of analysts have recently weighed in on the stock. Bank of America set a $38.00 price target on shares of Greif and gave the stock a “sell” rating in a report on Thursday, March 7th. Zacks Investment Research downgraded shares of Greif from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. KeyCorp reissued a “sell” rating and issued a $31.00 price objective on shares of Greif in a research note on Thursday, February 28th. Robert W. Baird cut shares of Greif from an “outperform” rating to a “neutral” rating in a research report on Monday, January 7th. Finally, ValuEngine upgraded shares of Greif from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 1st. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average price target of $40.38.
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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