Charles Schwab Investment Management Inc. Has $32.87 Million Stock Holdings in Greif, Inc. (NYSE:GEF)

Charles Schwab Investment Management Inc. increased its holdings in shares of Greif, Inc. (NYSE:GEF) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 524,637 shares of the industrial products company’s stock after purchasing an additional 44,473 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.11% of Greif worth $32,874,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its holdings in Greif by 59.2% in the second quarter. Thrivent Financial for Lutherans now owns 753,812 shares of the industrial products company’s stock worth $43,321,000 after acquiring an additional 280,330 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Greif by 17.6% in the second quarter. William Blair Investment Management LLC now owns 540,330 shares of the industrial products company’s stock worth $31,053,000 after acquiring an additional 80,754 shares in the last quarter. Marshall Wace LLP bought a new position in Greif in the second quarter worth approximately $4,012,000. AQR Capital Management LLC boosted its holdings in 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 acquiring an additional 53,110 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Greif by 450.3% in the second quarter. Envestnet Asset Management Inc. now owns 56,430 shares of the industrial products company’s stock worth $3,243,000 after acquiring an additional 46,176 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Greif Stock Performance

Shares of GEF opened at $71.21 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.48 and a beta of 0.92. The stock has a 50 day moving average of $65.24 and a 200 day moving average of $62.91. Greif, Inc. has a 12 month low of $55.95 and a 12 month high of $73.16.

Wall Street Analysts Forecast Growth

GEF has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Greif from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Truist Financial restated a “hold” rating and issued a $67.00 target price (down previously from $69.00) on shares of Greif in a report on Friday, August 30th. Bank of America dropped their target price on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Sidoti initiated coverage on Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $88.00 target price on shares of Greif in a report on Monday, August 26th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.40.

About Greif

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.