FNY Investment Advisers LLC Increases Stock Holdings in Greif, Inc. (NYSE:GEF)

FNY Investment Advisers LLC raised its stake in Greif, Inc. (NYSE:GEF) by 2,338.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,997 shares of the industrial products company’s stock after purchasing an additional 23,013 shares during the quarter. FNY Investment Advisers LLC’s holdings in Greif were worth $781,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in shares of Greif by 3,152.7% in the 1st quarter. Victory Capital Management Inc. now owns 609,681 shares of the industrial products company’s stock valued at $25,149,000 after purchasing an additional 590,937 shares during the last quarter. Norges Bank purchased a new position in shares of Greif in the 4th quarter valued at approximately $18,997,000. Pictet Asset Management Ltd. grew its stake in shares of Greif by 6.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 463,929 shares of the industrial products company’s stock valued at $19,137,000 after purchasing an additional 27,036 shares during the last quarter. LSV Asset Management grew its stake in shares of Greif by 19.5% in the 1st quarter. LSV Asset Management now owns 349,100 shares of the industrial products company’s stock valued at $14,400,000 after purchasing an additional 57,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Greif by 12.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 205,343 shares of the industrial products company’s stock valued at $8,470,000 after purchasing an additional 22,285 shares during the last quarter. Institutional investors own 47.80% of the company’s stock.

Greif stock opened at $34.16 on Friday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.15 and a current ratio of 1.67. Greif, Inc. has a 1-year low of $30.12 and a 1-year high of $59.00. The stock has a market capitalization of $1.65 billion, a P/E ratio of 9.68, a PEG ratio of 1.06 and a beta of 1.35. The company has a 50 day simple moving average of $33.89.

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

In other Greif news, CFO Lawrence A. Hilsheimer purchased 3,450 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were purchased at an average cost of $33.76 per share, for a total transaction of $116,472.00. Following the completion of the purchase, the chief financial officer now directly owns 108,090 shares in the company, valued at $3,649,118.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter G. Watson purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was acquired at an average price of $32.71 per share, for a total transaction of $490,650.00. Following the completion of the purchase, the chief executive officer now owns 140,011 shares of the company’s stock, valued at $4,579,759.81. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 20,358 shares of company stock worth $670,275. Company insiders own 13.56% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Greif from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a research note on Thursday, May 30th. TheStreet downgraded Greif from a “b-” rating to a “c+” rating in a research note on Friday, June 14th. Bank of America set a $37.00 target price on Greif and gave the company a “sell” rating in a research note on Friday, June 7th. Finally, Wells Fargo & Co set a $40.00 target price on Greif and gave the company a “hold” rating in a research note on Friday, June 7th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Greif currently has a consensus rating of “Sell” and a consensus price target of $36.88.

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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