Odyssean LLC Grows Holdings in Greif, Inc. $GEF

Odyssean LLC boosted its holdings in shares of Greif, Inc. (NYSE:GEF) by 500.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,506 shares of the industrial products company’s stock after purchasing an additional 15,426 shares during the period. Odyssean LLC’s holdings in Greif were worth $1,379,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. AXQ Capital LP raised its holdings in shares of Greif by 21.3% in the second quarter. AXQ Capital LP now owns 4,487 shares of the industrial products company’s stock valued at $334,000 after buying an additional 789 shares during the last quarter. Wedbush Securities Inc. acquired a new position in Greif in the 2nd quarter valued at about $218,000. Wellington Management Group LLP increased its position in Greif by 35.0% in the 2nd quarter. Wellington Management Group LLP now owns 246,492 shares of the industrial products company’s stock valued at $18,361,000 after acquiring an additional 63,843 shares during the period. Advisors Preferred LLC purchased a new stake in Greif during the 2nd quarter valued at approximately $401,000. Finally, Wedge Capital Management L L P NC lifted its position in Greif by 10.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,528 shares of the industrial products company’s stock worth $2,051,000 after acquiring an additional 2,694 shares during the period. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Emkes sold 3,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $87.04, for a total value of $261,120.00. Following the sale, the director directly owned 43,400 shares in the company, valued at $3,777,536. This represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lawrence A. Hilsheimer sold 21,500 shares of the stock in a transaction on 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 sale, the chief financial officer directly owned 25,825 shares in the company, valued at approximately $2,289,644.50. The trade was a 45.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,987 shares of company stock worth $8,608,418 in the last quarter. 7.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GEF has been the topic of a number of recent research reports. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings raised shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Bank of America cut shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 target price for the company. in a research note on Tuesday, July 14th. Wells Fargo & Company lifted their target price on shares of Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $97.00 price objective (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Greif currently has a consensus rating of “Hold” and an average price target of $83.00.

Greif Stock Performance

NYSE:GEF opened at $84.94 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.92 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The firm has a 50-day moving average price of $81.57 and a two-hundred day moving average price of $72.60. Greif, Inc. has a twelve month low of $55.75 and a twelve month high of $90.57.

Greif (NYSE:GEF) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.50. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, research analysts expect that Greif, Inc. will post 4.3 earnings per share for the current fiscal year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. Greif’s dividend payout ratio is presently 77.74%.

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.