Mondrian Investment Partners LTD boosted its stake in shares of Greif Bros. Corporation (NYSE:GEF) by 21.0% during the second quarter, Holdings Channel reports. The firm owned 64,244 shares of the industrial products company’s stock after buying an additional 11,166 shares during the period. Mondrian Investment Partners LTD’s holdings in Greif Bros. Corporation were worth $3,584,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. LS Investment Advisors LLC increased its stake in shares of Greif Bros. Corporation by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $113,000 after buying an additional 307 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of Greif Bros. Corporation by 391.1% in the first quarter. Loomis Sayles & Co. L P now owns 2,195 shares of the industrial products company’s stock valued at $121,000 after buying an additional 1,748 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Greif Bros. Corporation by 7.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,848 shares of the industrial products company’s stock valued at $157,000 after buying an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Greif Bros. Corporation during the first quarter valued at about $157,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Greif Bros. Corporation by 106.7% in the first quarter. Tower Research Capital LLC TRC now owns 2,919 shares of the industrial products company’s stock valued at $161,000 after buying an additional 1,507 shares during the period. 48.93% of the stock is currently owned by institutional investors.

Greif Bros. Corporation (GEF) opened at 55.41 on Friday. The stock’s 50 day moving average is $56.31 and its 200 day moving average is $56.50. Greif Bros. Corporation has a 12-month low of $40.44 and a 12-month high of $63.04. The stock has a market capitalization of $2.65 billion, a PE ratio of 27.59 and a beta of 1.37.

Greif Bros. Corporation (NYSE:GEF) last posted its earnings results on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The firm had revenue of $887.40 million during the quarter, compared to analyst estimates of $891.22 million. Greif Bros. Corporation had a return on equity of 16.17% and a net margin of 2.81%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Analysts forecast that Greif Bros. Corporation will post $2.89 EPS for the current year.

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Several analysts have issued reports on GEF shares. Bank of America Corporation set a $60.00 target price on shares of Greif Bros. Corporation and gave the company a “buy” rating in a research note on Saturday, June 10th. ValuEngine raised shares of Greif Bros. Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BMO Capital Markets reissued a “hold” rating and set a $53.00 target price on shares of Greif Bros. Corporation in a research note on Friday, April 21st. Zacks Investment Research raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. Finally, BidaskClub raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $56.50.

In other news, major shareholder Shannon J. Diener bought 5,189 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were bought at an average cost of $62.37 per share, for a total transaction of $323,637.93. Following the completion of the acquisition, the insider now owns 10,189 shares in the company, valued at approximately $635,487.93. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 16.79% of the company’s stock.

About Greif Bros. Corporation

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

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Institutional Ownership by Quarter for Greif Bros. Corporation (NYSE:GEF)

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