Envestnet Asset Management Inc. Raises Position in Greif, Inc. $GEF

Envestnet Asset Management Inc. lifted its stake in shares of Greif, Inc. (NYSE:GEF) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,524 shares of the industrial products company’s stock after acquiring an additional 13,393 shares during the quarter. Envestnet Asset Management Inc. owned 0.30% of Greif worth $8,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GEF. Allianz Asset Management GmbH increased its holdings in Greif by 3.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 97,872 shares of the industrial products company’s stock worth $6,361,000 after purchasing an additional 3,509 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Greif during the second quarter worth approximately $1,240,000. First Citizens Bank & Trust Co. acquired a new stake in Greif in the second quarter valued at approximately $690,000. Y Intercept Hong Kong Ltd acquired a new stake in Greif in the second quarter valued at approximately $537,000. Finally, Retirement Systems of Alabama lifted its stake in Greif by 1.4% in the second quarter. Retirement Systems of Alabama now owns 31,906 shares of the industrial products company’s stock worth $2,074,000 after acquiring an additional 444 shares during the last quarter. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Greif Stock Down 1.0%

GEF stock opened at $74.37 on Friday. The company has a fifty day moving average price of $71.68 and a 200 day moving average price of $65.43. Greif, Inc. has a 12 month low of $48.23 and a 12 month high of $77.14. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 0.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.23 and a quick ratio of 0.93.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.21). Greif had a return on equity of 8.46% and a net margin of 7.52%.The business had revenue of $994.80 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts expect that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $2.24 annualized dividend and a dividend yield of 3.0%. Greif’s dividend payout ratio (DPR) is currently 82.96%.

Analyst Ratings Changes

A number of equities research analysts have commented on GEF shares. Truist Financial increased their price objective on shares of Greif from $71.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday, January 6th. Wells Fargo & Company increased their target price on Greif from $73.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Robert W. Baird set a $75.00 price objective on Greif in a research report on Thursday, January 29th. Finally, Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.25.

Insider Transactions at Greif

In other news, CFO Lawrence A. Hilsheimer sold 22,778 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $71.83, for a total transaction of $1,636,143.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ole G. Rosgaard sold 9,733 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.24, for a total transaction of $683,645.92. Following the completion of the sale, the chief executive officer owned 64,707 shares of the company’s stock, valued at approximately $4,545,019.68. The trade was a 13.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders bought 22,252 shares of company stock worth $1,971,735 and sold 70,944 shares worth $5,095,812. Corporate insiders own 7.70% of the company’s stock.

About Greif

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.