Greif, Inc. $GEF Shares Bought by Odyssean LLC

Key Points

• Odyssean LLC increased its Greif stake by 500.8% in the second quarter, owning 18,506 shares valued at approximately $1.38 million. Institutional investors and hedge funds collectively hold 45.74% of Greif’s stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an $83 target price, although some firms upgraded the stock or raised their price objectives.
• Greif reported quarterly EPS of $1.61, well above the $1.11 consensus estimate, and declared a $0.62 quarterly dividend. Meanwhile, insiders sold nearly 99,000 shares worth approximately $8.6 million over the past 90 days.

Odyssean LLC grew its holdings in shares of Greif, Inc. (NYSE:GEF - Free Report) by 500.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Greif by 1.3% in the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company's stock valued at $1,397,000 after purchasing an additional 280 shares in the last quarter. Norges Bank purchased a new stake in Greif during the 2nd quarter worth approximately $1,040,000. Arrowstreet Capital Limited Partnership acquired a new stake in Greif during the 2nd quarter worth approximately $230,000. Jump Financial LLC acquired a new stake in Greif during the 2nd quarter worth approximately $609,000. Finally, Cerity Partners LLC boosted its position in Greif by 50.3% in the 2nd quarter. Cerity Partners LLC now owns 6,193 shares of the industrial products company's stock valued at $403,000 after buying an additional 2,072 shares during the period. Institutional investors and hedge funds own 45.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial reaffirmed a "hold" rating and set a $97.00 price objective (up from $78.00) on shares of Greif in a research report on Tuesday, August 4th. Wall Street Zen upgraded Greif from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Wells Fargo & Company boosted their target price on Greif from $74.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Zacks Research upgraded Greif from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st. Finally, Weiss Ratings raised Greif from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Greif has a consensus rating of "Hold" and a consensus target price of $83.00.

Insiders Place Their Bets

In other Greif news, CEO Ole G. Rosgaard sold 40,087 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $86.68, for a total value of $3,474,741.16. Following the completion of the transaction, the chief executive officer owned 88,267 shares in the company, valued at $7,650,983.56. This represents a 31.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Timothy Bergwall sold 6,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $85.26, for a total value of $511,560.00. Following the completion of the sale, the senior vice president directly owned 57,832 shares of the company's stock, valued at $4,930,756.32. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 98,987 shares of company stock worth $8,608,418. 7.70% of the stock is currently owned by company insiders.

Greif Trading Down 0.1%

GEF opened at $84.94 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. Greif, Inc. has a one year low of $55.75 and a one year high of $90.57. The company has a market cap of $3.92 billion, a P/E ratio of 26.63, a PEG ratio of 0.75 and a beta of 0.74. The business's 50-day simple moving average is $81.57 and its 200-day simple moving average is $72.60.

Greif (NYSE:GEF - Get Free Report) last posted its earnings results 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The firm's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. As a group, equities research analysts expect that Greif, Inc. will post 4.3 EPS for the current fiscal year.

Greif Dividend Announcement

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

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