Greif, Inc. (GEF) Shares Bought by W.E. Donoghue & Co. LLC

W.E. Donoghue & Co. LLC increased its stake in Greif, Inc. (NYSE:GEF) by 103.0% in the third quarter, HoldingsChannel.com reports. The firm owned 17,214 shares of the industrial products company’s stock after purchasing an additional 8,735 shares during the quarter. W.E. Donoghue & Co. LLC’s holdings in Greif were worth $924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in Greif in the 2nd quarter worth $162,000. Acadian Asset Management LLC boosted its stake in shares of Greif by 2,472.1% during the 2nd quarter. Acadian Asset Management LLC now owns 4,887 shares of the industrial products company’s stock worth $258,000 after buying an additional 4,697 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Greif during the 1st quarter worth about $267,000. Xact Kapitalforvaltning AB acquired a new position in shares of Greif during the 1st quarter worth about $274,000. Finally, Visionary Asset Management Inc. boosted its stake in shares of Greif by 17.0% during the 3rd quarter. Visionary Asset Management Inc. now owns 6,925 shares of the industrial products company’s stock worth $375,000 after buying an additional 1,005 shares during the last quarter. 47.86% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on GEF. Zacks Investment Research downgraded shares of Greif from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. KeyCorp restated a “sell” rating and set a $50.00 price objective on shares of Greif in a research note on Thursday, August 30th. Bank of America downgraded shares of Greif from a “neutral” rating to an “underperform” rating and set a $55.00 price objective for the company. in a research note on Monday, July 16th. Finally, Wells Fargo & Co set a $65.00 price objective on shares of Greif and gave the stock a “buy” rating in a research note on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.43.



Greif stock opened at $46.09 on Monday. Greif, Inc. has a one year low of $44.66 and a one year high of $65.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.58 and a quick ratio of 1.09. The stock has a market cap of $2.21 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 29th. The industrial products company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. Greif had a net margin of 5.26% and a return on equity of 18.10%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.85 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that Greif, Inc. will post 3.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.82%. This is an increase from Greif’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, September 14th. Greif’s dividend payout ratio is currently 59.66%.

About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates in four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

Read More: What does earnings per share mean?

Want to see what other hedge funds are holding GEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greif, Inc. (NYSE:GEF).

Institutional Ownership by Quarter for Greif (NYSE:GEF)

Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply