Heartland Advisors Inc. acquired a new position in Greif Inc. (NYSE:GEF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 64,365 shares of the company’s stock, valued at approximately $3,192,000. Heartland Advisors Inc. owned 0.13% of Greif at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GEF. Emerald Acquisition Ltd. purchased a new position in Greif during the second quarter valued at about $13,292,000. LSV Asset Management raised its stake in shares of Greif by 1,845.1% in the second quarter. LSV Asset Management now owns 250,915 shares of the company’s stock worth $9,351,000 after buying an additional 238,015 shares during the period. Prudential Financial Inc. raised its stake in shares of Greif by 12.4% in the second quarter. Prudential Financial Inc. now owns 862,990 shares of the company’s stock worth $32,164,000 after buying an additional 95,290 shares during the period. AQR Capital Management LLC raised its stake in shares of Greif by 391.8% in the second quarter. AQR Capital Management LLC now owns 92,643 shares of the company’s stock worth $3,453,000 after buying an additional 73,807 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Greif by 39.3% in the second quarter. Parametric Portfolio Associates LLC now owns 157,462 shares of the company’s stock worth $5,869,000 after buying an additional 44,404 shares during the period. 48.36% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Greif (NYSE:GEF)

Shares of Greif Inc. (NYSE:GEF) traded down 5.82% on Tuesday, hitting $51.17. 414,512 shares of the company’s stock were exchanged. Greif Inc. has a 12-month low of $23.88 and a 12-month high of $57.97. The company’s 50-day moving average price is $49.72 and its 200 day moving average price is $43.35. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 31.05 and a beta of 1.46.

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A number of equities research analysts have recently weighed in on the stock. KeyCorp lowered shares of Greif from a “sector weight” rating to an “underweight” rating and set a $47.00 price objective on the stock. in a report on Tuesday. Bank of America Corp. lowered shares of Greif from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Wells Fargo & Co. lowered shares of Greif from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. They noted that the move was a valuation call. DA Davidson lowered shares of Greif from a “neutral” rating to an “underperform” rating and set a $47.00 price objective on the stock. in a report on Monday, November 21st. Finally, Zacks Investment Research lowered shares of Greif from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.14.

About Greif

Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.

5 Day Chart for NYSE:GEF

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