Sei Investments Co. Acquires 5,775 Shares of Greif, Inc. $GEF

Sei Investments Co. grew its holdings in shares of Greif, Inc. (NYSE:GEF) by 61.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,165 shares of the industrial products company’s stock after buying an additional 5,775 shares during the period. Sei Investments Co.’s holdings in Greif were worth $1,017,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Greif by 5.9% in the first quarter. Principal Financial Group Inc. now owns 90,939 shares of the industrial products company’s stock valued at $6,099,000 after purchasing an additional 5,071 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Greif by 193.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 17,717 shares of the industrial products company’s stock valued at $1,188,000 after buying an additional 11,670 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Greif during the 1st quarter worth approximately $717,000. Personal CFO Solutions LLC boosted its holdings in Greif by 8.4% in the first quarter. Personal CFO Solutions LLC now owns 3,902 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 302 shares in the last quarter. Finally, DGS Capital Management LLC boosted its holdings in Greif by 74.0% in the first quarter. DGS Capital Management LLC now owns 6,343 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 2,697 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

GEF has been the subject of several recent research reports. Bank of America downgraded 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. Weiss Ratings raised shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Greif from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Truist Financial restated a “hold” rating and issued a $97.00 target price (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their price target on shares of Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Greif presently has a consensus rating of “Hold” and an average target price of $83.00.

Greif Stock Performance

Shares of GEF stock opened at $87.88 on Thursday. 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 has a market cap of $4.06 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 0.86 and a beta of 0.75. Greif, Inc. has a 52 week low of $55.75 and a 52 week high of $90.57. The firm’s 50-day simple moving average is $75.73 and its two-hundred day simple moving average is $71.14.

Greif (NYSE:GEF) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.50. Greif had a net margin of 7.53% and a return on equity of 8.09%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $0.86 EPS. Greif’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Greif, Inc. will post 4.18 earnings per share for the current year.

Greif Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Greif’s previous quarterly dividend of $0.56. Greif’s payout ratio is currently 77.74%.

Insider Activity at Greif

In other Greif news, CFO Lawrence A. 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 transaction of $1,906,190.00. Following the sale, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bala Sathyanarayanan sold 1,146 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $88.60, for a total transaction of $101,535.60. Following the transaction, the executive vice president owned 21,323 shares of the company’s stock, valued at $1,889,217.80. This represents a 5.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 97,987 shares of company stock worth $8,498,748 in the last three months. Corporate insiders own 7.70% 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.