Greif, Inc. (NYSE:GEF) Director Purchases $245,700.00 in Stock

Greif, Inc. (NYSE:GEF) Director B Andrew Rose bought 3,500 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of $70.20 per share, for a total transaction of $245,700.00. Following the purchase, the director now owns 3,500 shares in the company, valued at $245,700. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Greif Trading Up 0.7 %

GEF stock traded up $0.43 during midday trading on Monday, hitting $60.75. 74,154 shares of the company’s stock were exchanged, compared to its average volume of 171,873. Greif, Inc. has a 1-year low of $55.95 and a 1-year high of $73.16. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $2.87 billion, a PE ratio of 13.44, a P/E/G ratio of 1.19 and a beta of 0.92. The business has a 50-day simple moving average of $66.51 and a two-hundred day simple moving average of $63.14.

Greif (NYSE:GEF) last issued its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Greif had a return on equity of 11.85% and a net margin of 4.81%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.56 earnings per share. On average, sell-side analysts predict that Greif, Inc. will post 4.49 EPS for the current fiscal year.

Greif Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be issued a $0.54 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.16 annualized dividend and a dividend yield of 3.56%. Greif’s dividend payout ratio is currently 47.79%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Sidoti initiated coverage on shares of Greif in a research note on Wednesday, November 20th. They set a “buy” rating and a $93.00 price objective for the company. Truist Financial restated a “hold” rating and issued a $67.00 price target (down from $69.00) on shares of Greif in a research report on Friday, August 30th. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 price objective on shares of Greif in a research report on Monday, August 26th. Robert W. Baird upped their target price on Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company cut their target price on Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Hedge Funds Weigh In On Greif

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its stake in Greif by 71.9% during the second quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 228 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Greif in the 2nd quarter valued at $64,000. DekaBank Deutsche Girozentrale lifted its stake in Greif by 80.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 561 shares in the last quarter. nVerses Capital LLC acquired a new position in Greif during the 2nd quarter worth about $80,000. Finally, Quest Partners LLC boosted its holdings in Greif by 27,766.7% during the 2nd quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 1,666 shares during the period. Hedge funds and other institutional investors own 45.74% of the company’s stock.

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.