Greif (NYSE:GEF) Receives Equal Weight Rating from Wells Fargo & Company

Greif (NYSE:GEF)‘s stock had its “equal weight” rating reissued by investment analysts at Wells Fargo & Company in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $72.00 target price on the industrial products company’s stock, up from their previous target price of $68.00. Wells Fargo & Company‘s price objective would indicate a potential upside of 3.32% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Truist Financial cut their target price on Greif from $72.00 to $71.00 and set a “hold” rating on the stock in a research report on Monday, September 8th. Wall Street Zen raised shares of Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research lowered shares of Greif from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Greif in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $70.50.

Greif Stock Up 1.8%

Greif stock opened at $69.69 on Tuesday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 22.12 and a beta of 0.96. The firm’s fifty day moving average price is $64.32 and its two-hundred day moving average price is $63.88. Greif has a 1-year low of $48.23 and a 1-year high of $70.89. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00.

Insider Transactions at Greif

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $64.98, for a total transaction of $129,960.00. Following the completion of the transaction, the senior vice president directly owned 60,678 shares of the company’s stock, valued at approximately $3,942,856.44. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ole G. Rosgaard sold 9,733 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.24, for a total value of $683,645.92. Following the completion of the sale, the chief executive officer directly owned 64,707 shares of the company’s stock, valued at $4,545,019.68. This represents a 13.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 32,293 shares of company stock valued at $2,145,733 and sold 70,584 shares valued at $4,385,849. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Greif by 6.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after acquiring an additional 54,256 shares during the period. Ameriprise Financial Inc. increased 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 in the last quarter. Medina Value Partners LLC raised its position in shares of Greif by 19.3% in the third quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after purchasing an additional 60,338 shares during the period. AQR Capital Management LLC raised its position in shares of Greif by 54.2% in the first quarter. AQR Capital Management LLC now owns 366,449 shares of the industrial products company’s stock valued at $20,015,000 after purchasing an additional 128,880 shares during the period. Finally, Systematic Financial Management LP lifted its stake in shares of Greif by 0.9% during the 2nd quarter. Systematic Financial Management LP now owns 312,534 shares of the industrial products company’s stock valued at $20,312,000 after buying an additional 2,817 shares in the last quarter. Institutional investors own 45.74% of the company’s stock.

Greif Company 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.