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

Wellington Management Group LLP raised its position in shares of Greif, Inc. (NYSE:GEF) by 35.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,492 shares of the industrial products company’s stock after acquiring an additional 63,843 shares during the quarter. Wellington Management Group LLP’s holdings in Greif were worth $18,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GEF. Caitong International Asset Management Co. Ltd boosted its stake in shares of Greif by 106.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 317 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Greif by 33.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 172 shares during the last quarter. Simplex Trading LLC lifted its holdings in Greif by 399.5% in the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,482 shares in the last quarter. Leonteq Securities AG acquired a new stake in Greif during the 1st quarter worth $201,000. Finally, Man Group plc acquired a new stake in Greif during the 4th quarter worth $201,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Insider Activity

In other Greif news, CFO Lawrence Hilsheimer sold 21,500 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $88.66, for a total value of $1,906,190.00. Following the transaction, the chief financial officer owned 25,825 shares of the company’s stock, valued at $2,289,644.50. This represents a 45.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ole Rosgaard sold 40,087 shares of Greif stock in a transaction dated 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 sale, the chief executive officer owned 88,267 shares of the company’s stock, valued at approximately $7,650,983.56. This represents a 31.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 98,987 shares of company stock worth $8,608,418. 7.70% of the stock is currently owned by corporate insiders.

Greif Stock Down 0.1%

GEF stock opened at $84.94 on Monday. The firm has a market cap of $3.92 billion, a PE ratio of 26.63, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. The firm’s 50 day moving average price is $81.57 and its 200-day moving average price is $72.57. Greif, Inc. has a one year low of $55.75 and a one year high of $90.57.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.50. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. On average, equities research analysts anticipate that Greif, Inc. will post 4.3 EPS for the current year.

Greif Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, September 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. Greif’s dividend payout ratio is currently 77.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GEF shares. Truist Financial reiterated a “hold” rating and issued a $97.00 target price (up from $78.00) on shares of Greif in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Greif from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America downgraded shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Tuesday, July 14th. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Greif currently has an average rating of “Hold” and an average price target of $83.00.

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.