Greif, Inc. (NYSE:GEF) CEO Ole G. Rosgaard Sells 783 Shares

Greif, Inc. (NYSE:GEF) CEO Ole G. Rosgaard sold 783 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $70.00, for a total value of $54,810.00. Following the sale, the chief executive officer owned 77,433 shares of the company’s stock, valued at approximately $5,420,310. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Greif Stock Performance

Shares of GEF opened at $69.76 on Thursday. The business has a 50-day simple moving average of $59.01 and a two-hundred day simple moving average of $58.32. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. Greif, Inc. has a 52 week low of $48.23 and a 52 week high of $73.16. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.72 and a beta of 0.99.

Greif (NYSE:GEF) last released its earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.11. Greif had a net margin of 3.74% and a return on equity of 10.21%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were given a $0.54 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.10%. Greif’s payout ratio is currently 60.85%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GEF shares. Truist Financial dropped their price objective on shares of Greif from $65.00 to $56.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of Greif from $75.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.17.

Institutional Trading of Greif

A number of hedge funds and other institutional investors have recently modified their holdings of GEF. Fuller & Thaler Asset Management Inc. boosted its holdings in Greif by 4.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company’s stock worth $68,797,000 after buying an additional 55,948 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Greif by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company’s stock valued at $48,983,000 after acquiring an additional 17,425 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Greif in the fourth quarter worth about $46,279,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Greif by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company’s stock worth $32,805,000 after acquiring an additional 27,832 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Greif by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company’s stock worth $32,756,000 after purchasing an additional 11,210 shares in the last quarter. 45.74% of the stock is owned by hedge funds and other institutional investors.

About Greif

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.