Intech Investment Management LLC Acquires Shares of 8,270 Greif, Inc. (NYSE:GEF)

Intech Investment Management LLC bought a new position in Greif, Inc. (NYSE:GEF) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,270 shares of the industrial products company’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEF. AQR Capital Management LLC raised its holdings in shares of Greif by 16.7% in the second quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company’s stock worth $21,381,000 after buying an additional 53,110 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of Greif by 12.3% during the 2nd quarter. Systematic Financial Management LP now owns 262,058 shares of the industrial products company’s stock worth $15,061,000 after acquiring an additional 28,669 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Greif in the second quarter valued at approximately $4,012,000. Truist Financial Corp purchased a new position in Greif in the 2nd quarter valued at about $452,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Greif by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,151 shares of the industrial products company’s stock worth $1,185,000 after purchasing an additional 886 shares in the last quarter. 45.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Greif from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Stifel Nicolaus restated a “buy” rating and set a $88.00 price objective on shares of Greif in a research report on Monday, August 26th. Truist Financial reaffirmed a “hold” rating and set a $67.00 price objective (down from $69.00) on shares of Greif in a research note on Friday, August 30th. Sidoti started coverage on Greif in a research report on Wednesday, November 20th. They set a “buy” rating and a $93.00 target price on the stock. Finally, Bank of America dropped their target price on shares of Greif from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.40.

Greif Trading Up 0.3 %

Greif stock opened at $71.03 on Monday. The company has a market cap of $3.35 billion, a P/E ratio of 15.44 and a beta of 0.91. The firm’s 50-day moving average is $65.06 and its 200-day moving average is $62.87. Greif, Inc. has a 1 year low of $55.95 and a 1 year high of $73.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.28 and a current ratio of 1.70.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.