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

Campbell & CO Investment Adviser LLC bought a new stake in Greif, Inc. (NYSE:GEF) in the third quarter, according to its most recent Form 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 hedge funds also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Greif during the second quarter worth approximately $1,061,000. Envestnet Asset Management Inc. boosted its holdings in shares of Greif by 21.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 131,131 shares of the industrial products company’s stock worth $8,522,000 after purchasing an additional 23,422 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Greif in the 2nd quarter worth approximately $690,000. Versor Investments LP bought a new position in shares of Greif during the 2nd quarter valued at approximately $832,000. Finally, AXA S.A. purchased a new stake in Greif during the 2nd quarter valued at $9,052,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEF. Wall Street Zen upgraded Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Truist Financial increased their target price on shares of Greif from $71.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $72.00 price target (up from $68.00) on shares of Greif in a research note on Tuesday, January 6th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Greif in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, Greif has a consensus rating of “Hold” and an average target price of $72.50.

Greif Stock Down 2.3%

Shares of GEF opened at $70.26 on Wednesday. The firm has a fifty day moving average price of $67.29 and a 200-day moving average price of $64.22. 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 firm has a market capitalization of $3.34 billion, a P/E ratio of 22.31, a P/E/G ratio of 0.53 and a beta of 0.96. Greif, Inc. has a 12-month low of $48.23 and a 12-month high of $72.45.

Greif Announces Dividend

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

Insider Buying and Selling at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $64.98, for a total transaction of $129,960.00. Following the completion of the sale, the senior vice president owned 60,678 shares of the company’s stock, valued at approximately $3,942,856.44. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary R. Martz sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.48, for a total value of $302,400.00. Following the completion of the sale, the executive vice president owned 28,100 shares of the company’s stock, valued at $1,699,488. The trade was a 15.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 32,293 shares of company stock valued at $2,145,733 and sold 70,584 shares valued at $4,408,749. 7.70% of the stock is owned by insiders.

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.