LS Investment Advisors LLC boosted its position in shares of Greif Bros. Corporation (NYSE:GEF) by 17.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,022 shares of the industrial products company’s stock after buying an additional 307 shares during the period. LS Investment Advisors LLC’s holdings in Greif Bros. Corporation were worth $113,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Treasurer State of Michigan boosted its position in shares of 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 worth $578,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of 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 worth $489,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Greif Bros. Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the industrial products company’s stock worth $358,000 after buying an additional 100 shares during the period. Virginia Retirement Systems ET AL boosted its position in shares of Greif Bros. Corporation by 0.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,200 shares of the industrial products company’s stock worth $1,554,000 after buying an additional 100 shares during the period. Finally, Alpha Windward LLC boosted its position in shares of Greif Bros. Corporation by 1.4% in the first quarter. Alpha Windward LLC now owns 8,400 shares of the industrial products company’s stock worth $463,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 48.93% of the company’s stock.

Shares of Greif Bros. Corporation (GEF) traded down 0.20% on Friday, hitting $55.41. The stock had a trading volume of 78,745 shares. The company has a 50 day moving average price of $56.31 and a 200-day moving average price of $56.50. The stock has a market cap of $2.65 billion, a PE ratio of 27.59 and a beta of 1.37. Greif Bros. Corporation has a 12 month low of $40.44 and a 12 month high of $63.04.

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

TRADEMARK VIOLATION WARNING: “LS Investment Advisors LLC Boosts Position in Greif Bros. Corporation (GEF)” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/12/ls-investment-advisors-llc-boosts-position-in-greif-bros-corporation-gef.html.

A number of brokerages have recently issued reports on GEF. BMO Capital Markets reaffirmed a “hold” rating and set a $55.00 price objective on shares of Greif Bros. Corporation in a research note on Sunday, July 16th. BidaskClub raised Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Bank of America Corporation set a $60.00 price objective on Greif Bros. Corporation and gave the company a “buy” rating in a research note on Saturday, June 10th. Robert W. Baird reaffirmed an “outperform” rating and set a $63.00 price objective on shares of Greif Bros. Corporation in a research note on Sunday, June 11th. Finally, ValuEngine raised Greif Bros. Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Greif Bros. Corporation presently has an average rating of “Hold” and an average target price of $56.50.

In other Greif Bros. Corporation news, major shareholder Shannon J. Diener bought 5,189 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average cost of $62.37 per share, for a total transaction of $323,637.93. Following the transaction, the insider now owns 10,189 shares of the company’s stock, valued at $635,487.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.79% of the stock is currently owned by corporate insiders.

Greif Bros. Corporation Company Profile

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.

Want to see what other hedge funds are holding GEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greif Bros. Corporation (NYSE:GEF).

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

Receive News & Ratings for Greif Bros. Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif Bros. Corporation and related companies with MarketBeat.com's FREE daily email newsletter.