Romano Brothers AND Company bought a new position in shares of Greif, Inc. (NYSE:GEF – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,050 shares of the industrial products company's stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in shares of Greif in the third quarter valued at about $625,000. Exchange Traded Concepts LLC bought a new stake in shares of Greif in the third quarter valued at about $29,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Greif by 2.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 18,973 shares of the industrial products company's stock valued at $1,184,000 after purchasing an additional 540 shares in the last quarter. Centiva Capital LP lifted its holdings in shares of Greif by 193.2% in the second quarter. Centiva Capital LP now owns 9,200 shares of the industrial products company's stock valued at $574,000 after purchasing an additional 6,062 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Greif by 13.5% in the second quarter. AQR Capital Management LLC now owns 674,487 shares of the industrial products company's stock valued at $41,440,000 after purchasing an additional 80,186 shares in the last quarter. 47.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Greif news, CFO Lawrence A. Hilsheimer bought 2,180 shares of the business's stock in a transaction on Wednesday, December 21st. The stock was purchased at an average cost of $76.78 per share, for a total transaction of $167,380.40. Following the completion of the purchase, the chief financial officer now directly owns 91,552 shares of the company's stock, valued at $7,029,362.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Greif news, CFO Lawrence A. Hilsheimer bought 2,180 shares of the business's stock in a transaction on Wednesday, December 21st. The stock was purchased at an average cost of $76.78 per share, for a total transaction of $167,380.40. Following the completion of the purchase, the chief financial officer now directly owns 91,552 shares of the company's stock, valued at $7,029,362.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Nicholas Joseph Petitti sold 4,615 shares of the stock in a transaction on Monday, October 24th. The shares were sold at an average price of $71.62, for a total value of $330,526.30. Following the completion of the transaction, the insider now owns 2,275,005 shares of the company's stock, valued at $162,935,858.10. The disclosure for this sale can be found here. Insiders sold 41,716 shares of company stock worth $3,019,077 over the last three months. Insiders own 2.59% of the company's stock.

Analyst Upgrades and Downgrades

Greif Trading Up 2.2 %

Shares of NYSE:GEF opened at $68.15 on Tuesday. The company has a market capitalization of $3.23 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.09 and a beta of 0.97. Greif, Inc. has a 1 year low of $53.65 and a 1 year high of $74.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.43 and a quick ratio of 1.05. The business's 50 day simple moving average is $68.86 and its 200 day simple moving average is $66.42.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, December 15th. Greif's payout ratio is presently 31.75%.

Greif Company Profile

(Get Rating)

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. 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.

See Also

• Get a free copy of the StockNews.com research report on Greif (GEF)
• Heatmap in Trading: How to Learn What Market Depth Hides
• Micron Technology Sees Chip Recovery by the End of 2023
• Three Healthcare Penny Stocks to Watch In The New Year
• Southwest Airlines Stock, There is a Lot to Love
• MarketBeat: Week in Review 12/19 – 12/23

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 – Get Rating).

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.