Wellington Management Group LLP Boosts Stake in Greif, Inc. $GEF

Wellington Management Group LLP lifted its position in Greif, Inc. (NYSE:GEF) by 35.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,492 shares of the industrial products company’s stock after acquiring an additional 63,843 shares during the period. Wellington Management Group LLP owned 0.53% of Greif worth $18,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in Greif by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company’s stock worth $60,872,000 after acquiring an additional 3,793 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Greif by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 567,333 shares of the industrial products company’s stock valued at $38,408,000 after purchasing an additional 1,455 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Greif by 75.5% in the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock worth $31,352,000 after purchasing an additional 225,659 shares during the last quarter. Invesco Ltd. raised its stake in shares of Greif by 119.1% in the fourth quarter. Invesco Ltd. now owns 325,951 shares of the industrial products company’s stock worth $22,067,000 after purchasing an additional 177,203 shares during the last quarter. Finally, EVR Research LP acquired a new stake in shares of Greif during the fourth quarter worth about $11,848,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Emkes sold 3,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $87.04, for a total transaction of $261,120.00. Following the transaction, the director owned 43,400 shares in the company, valued at $3,777,536. This trade represents a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ole Rosgaard sold 40,087 shares of Greif stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $86.68, for a total transaction of $3,474,741.16. Following the completion of the sale, the chief executive officer directly owned 88,267 shares in the company, valued at $7,650,983.56. This represents a 31.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 98,987 shares of company stock valued at $8,608,418. 7.70% of the stock is owned by insiders.

Greif Trading Down 0.1%

Shares of Greif stock opened at $84.94 on Monday. The firm has a 50-day simple moving average of $81.57 and a two-hundred day simple moving average of $72.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. Greif, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $90.57. The company has a market cap of $3.92 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74.

Greif (NYSE:GEF) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.50. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. As a group, equities analysts predict that Greif, Inc. will post 4.3 earnings per share for the current fiscal year.

Greif Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 17th. Greif’s dividend payout ratio (DPR) is presently 77.74%.

Analyst Ratings Changes

Several brokerages recently weighed in on GEF. Weiss Ratings upgraded shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Bank of America downgraded shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a report on Tuesday, July 14th. Wells Fargo & Company increased their price objective on shares of Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Truist Financial reissued a “hold” rating and set a $97.00 target price (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.00.

Greif Profile

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.