The SECOR Capital Advisors LP Purchases New Position in Greif Bros. Corporation (GEF)

The SECOR Capital Advisors LP Purchases New Position in Greif Bros. Corporation (GEF)

SECOR Capital Advisors LP purchased a new position in shares of Greif Bros. Corporation (NYSE:GEF) during the third quarter, Holdings Channel reports. The institutional investor purchased 8,219 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors also recently made changes to their positions in GEF. Teacher Retirement System of Texas increased its position in shares of Greif Bros. Corporation by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,593 shares of the company’s stock worth $134,000 after buying an additional 442 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Greif Bros. Corporation during the third quarter worth about $134,000. Northwestern Mutual Investment Management Company LLC increased its position in shares of Greif Bros. Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,450 shares of the company’s stock worth $166,000 after buying an additional 18 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of Greif Bros. Corporation during the third quarter worth about $208,000. Finally, Profund Advisors LLC bought a new position in shares of Greif Bros. Corporation during the second quarter worth about $215,000. Institutional investors and hedge funds own 48.31% of the company’s stock.

Greif Bros. Corporation (NYSE:GEF) traded up 0.15% during midday trading on Wednesday, hitting $53.19. 107,711 shares of the company traded hands. Greif Bros. Corporation has a 12-month low of $23.88 and a 12-month high of $57.97. The stock has a 50 day moving average price of $53.05 and a 200-day moving average price of $47.30. The company has a market cap of $2.54 billion, a PE ratio of 33.97 and a beta of 1.50.

Greif Bros. Corporation (NYSE:GEF) last posted its quarterly earnings data on Wednesday, December 7th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.03. The company earned $867.60 million during the quarter, compared to analyst estimates of $840.83 million. Greif Bros. Corporation had a return on equity of 14.62% and a net margin of 2.25%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. Analysts expect that Greif Bros. Corporation will post $2.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Monday, December 19th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, December 15th. Greif Bros. Corporation’s dividend payout ratio (DPR) is presently 133.33%.

Several equities analysts have weighed in on GEF shares. DA Davidson downgraded shares of Greif Bros. Corporation from a “neutral” rating to an “underperform” rating and set a $47.00 target price for the company. in a report on Monday, November 21st. Bank of America Corporation downgraded shares of Greif Bros. Corporation from a “buy” rating to a “neutral” rating and set a $56.00 target price for the company. in a report on Tuesday, November 22nd. They noted that the move was a valuation call. BMO Capital Markets downgraded shares of Greif Bros. Corporation from a “market perform” rating to an “underperform” rating and raised their target price for the company from $36.00 to $48.00 in a report on Wednesday, December 21st. They noted that the move was a valuation call. KeyCorp downgraded shares of Greif Bros. Corporation from a “sector weight” rating to an “underweight” rating and set a $47.00 target price for the company. in a report on Tuesday, November 29th. Finally, Wells Fargo & Company downgraded shares of Greif Bros. Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Greif Bros. Corporation presently has an average rating of “Hold” and an average target price of $50.29.

Greif Bros. Corporation Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.

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