Greif, Inc. (NYSE:GEF) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its holdings in shares of Greif, Inc. (NYSE:GEF - Free Report) by 17.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 540,330 shares of the industrial products company's stock after buying an additional 80,754 shares during the quarter. William Blair Investment Management LLC owned approximately 1.15% of Greif worth $31,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Greif in the 2nd quarter worth about $64,000. DekaBank Deutsche Girozentrale increased its position in shares of Greif by 80.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company's stock worth $73,000 after purchasing an additional 561 shares in the last quarter. nVerses Capital LLC acquired a new position in Greif in the 2nd quarter valued at $80,000. Quest Partners LLC lifted its holdings in Greif by 27,766.7% in the 2nd quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 1,666 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Greif by 162,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company's stock valued at $107,000 after purchasing an additional 1,627 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GEF. Truist Financial reiterated a "hold" rating and issued a $67.00 target price (down from $69.00) on shares of Greif in a research report on Friday, August 30th. Raymond James assumed coverage on shares of Greif in a report on Friday, July 19th. They issued a "market perform" rating for the company. Stifel Nicolaus restated a "buy" rating and set a $88.00 target price on shares of Greif in a report on Monday, August 26th. StockNews.com lowered Greif from a "buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Finally, Bank of America reduced their price objective on Greif from $77.00 to $73.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $76.00.

Greif Trading Up 1.7 %

GEF stock traded up $1.02 during midday trading on Monday, hitting $61.61. 93,417 shares of the company's stock were exchanged, compared to its average volume of 165,693. Greif, Inc. has a 1-year low of $55.95 and a 1-year high of $71.36. The business has a 50-day simple moving average of $61.59 and a two-hundred day simple moving average of $62.60. The stock has a market capitalization of $2.90 billion, a PE ratio of 13.25 and a beta of 0.91. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35.

Greif Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.54 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.16 dividend on an annualized basis and a yield of 3.51%. This is a boost from Greif's previous quarterly dividend of $0.52. Greif's dividend payout ratio is presently 46.45%.

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.