Pictet Asset Management Ltd. Has $12.49 Million Position in Greif, Inc. (NYSE:GEF)

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Pictet Asset Management Ltd. reduced its stake in Greif, Inc. (NYSE:GEF) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 329,749 shares of the industrial products company’s stock after selling 26,054 shares during the period. Pictet Asset Management Ltd.’s holdings in Greif were worth $12,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GEF. MCF Advisors LLC acquired a new position in shares of Greif in the second quarter valued at $33,000. SG Americas Securities LLC acquired a new position in shares of Greif in the second quarter valued at $157,000. Dupont Capital Management Corp increased its holdings in shares of Greif by 92.0% in the third quarter. Dupont Capital Management Corp now owns 4,142 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 1,985 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Greif in the third quarter valued at $176,000. Finally, Paloma Partners Management Co acquired a new position in shares of Greif in the second quarter valued at $207,000. Hedge funds and other institutional investors own 46.07% of the company’s stock.

Several research firms have commented on GEF. Zacks Investment Research upgraded shares of Greif from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a report on Monday, August 19th. ValuEngine upgraded shares of Greif from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Greif has an average rating of “Hold” and an average price target of $36.38.

Shares of Greif stock opened at $43.15 on Monday. The firm has a 50-day moving average of $40.54 and a 200-day moving average of $36.44. The stock has a market cap of $2.10 billion, a PE ratio of 12.22, a PEG ratio of 1.25 and a beta of 1.38. Greif, Inc. has a 52-week low of $29.85 and a 52-week high of $52.92. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.11 and a current ratio of 1.60.

Greif Company Profile

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.

Further Reading: Gap Up Stocks

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

Institutional Ownership by Quarter for Greif (NYSE:GEF)

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