Liberty Mutual Group Asset Management Inc. Lowers Position in Greif Bros. Corporation (GEF)

Liberty Mutual Group Asset Management Inc. decreased its position in shares of Greif Bros. Corporation (NYSE:GEF) by 9.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,069 shares of the industrial products company’s stock after selling 1,262 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Greif Bros. Corporation were worth $665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Greif Bros. Corporation by 49.0% in the first quarter. First Trust Advisors LP now owns 21,874 shares of the industrial products company’s stock valued at $1,205,000 after buying an additional 7,191 shares during the period. State Treasurer State of Michigan boosted its position in Greif Bros. Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 10,500 shares of the industrial products company’s stock valued at $578,000 after buying an additional 100 shares during the last quarter. Heartland Advisors Inc. boosted its position in Greif Bros. Corporation by 6.3% in the first quarter. Heartland Advisors Inc. now owns 215,351 shares of the industrial products company’s stock valued at $11,864,000 after buying an additional 12,799 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Greif Bros. Corporation by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 15,311 shares of the industrial products company’s stock valued at $843,000 after buying an additional 734 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Greif Bros. Corporation by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,877 shares of the industrial products company’s stock valued at $489,000 after buying an additional 100 shares during the last quarter. 49.32% of the stock is owned by institutional investors.

Greif Bros. Corporation (NYSE GEF) traded up 0.18% during trading on Thursday, hitting $56.19. 102,659 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $56.05 and its 200 day moving average price is $56.26. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 27.98 and a beta of 1.37. Greif Bros. Corporation has a 12-month low of $38.52 and a 12-month high of $63.04.

Greif Bros. Corporation (NYSE:GEF) last released its quarterly earnings data on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The business had revenue of $887.40 million during the quarter, compared to analysts’ expectations of $891.22 million. Greif Bros. Corporation had a return on equity of 16.17% and a net margin of 2.81%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Equities analysts forecast that Greif Bros. Corporation will post $2.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Monday, June 19th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, June 15th. Greif Bros. Corporation’s payout ratio is 103.07%.

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Several research firms have recently weighed in on GEF. Robert W. Baird reissued an “outperform” rating and set a $63.00 price objective on shares of Greif Bros. Corporation in a report on Sunday, June 11th. Zacks Investment Research cut shares of Greif Bros. Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. BidaskClub cut shares of Greif Bros. Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Bank of America Corporation set a $60.00 price objective on shares of Greif Bros. Corporation and gave the company a “buy” rating in a report on Saturday, June 10th. Finally, KeyCorp restated a “sell” rating and set a $47.00 target price on shares of Greif Bros. Corporation in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.50.

In other Greif Bros. Corporation news, major shareholder Shannon J. Diener acquired 5,189 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of $62.37 per share, for a total transaction of $323,637.93. Following the completion of the transaction, the insider now owns 10,189 shares of the company’s stock, valued at approximately $635,487.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.79% of the company’s stock.

About Greif Bros. Corporation

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

Institutional Ownership by Quarter for Greif Bros. Corporation (NYSE:GEF)

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