Campbell & CO Investment Adviser LLC Takes $784,000 Position in Greif, Inc. $GEF

Campbell & CO Investment Adviser LLC bought a new position in Greif, Inc. (NYSE:GEF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,125 shares of the industrial products company’s stock, valued at approximately $784,000.

A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock valued at $40,000 after buying an additional 176 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in Greif during the second quarter valued at $214,000. Neuberger Berman Group LLC bought a new position in Greif in the second quarter valued at about $216,000. Captrust Financial Advisors purchased a new position in Greif in the second quarter worth about $227,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Greif in the second quarter worth about $230,000. Institutional investors own 45.74% of the company’s stock.

Greif Stock Down 2.3%

NYSE GEF opened at $70.26 on Wednesday. Greif, Inc. has a 12 month low of $48.23 and a 12 month high of $72.45. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. The stock has a market cap of $3.34 billion, a PE ratio of 22.31, a P/E/G ratio of 0.53 and a beta of 0.96. The stock’s 50 day moving average is $67.29 and its 200 day moving average is $64.22.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were given a dividend of $0.56 per share. The ex-dividend date was Thursday, December 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.2%. Greif’s dividend payout ratio is currently 71.11%.

Insider Activity at Greif

In other news, EVP Bala Sathyanarayanan sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $66.62, for a total transaction of $466,340.00. Following the completion of the transaction, the executive vice president owned 37,725 shares in the company, valued at $2,513,239.50. This trade represents a 15.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $64.98, for a total value of $129,960.00. Following the completion of the sale, the senior vice president directly owned 60,678 shares in the company, valued at $3,942,856.44. This trade represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders bought 32,293 shares of company stock valued at $2,145,733 and sold 70,584 shares valued at $4,408,749. Insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GEF. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Truist Financial boosted their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Greif in a research report on Wednesday, October 8th. Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $72.00 price objective (up from $68.00) on shares of Greif in a research report on Tuesday, January 6th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Greif has a consensus rating of “Hold” and a consensus price target of $72.50.

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.