Greif (NYSE:GEF) EVP Bala Sathyanarayanan Sells 1,000 Shares

Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan sold 1,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $109.67, for a total transaction of $109,670.00. Following the completion of the sale, the executive vice president owned 7,549 shares of the company’s stock, valued at approximately $827,898.83. This trade represents a 11.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bala Sathyanarayanan also recently made the following trade(s):

• On Friday, August 7th, Bala Sathyanarayanan sold 1,146 shares of Greif stock. The stock was sold at an average price of $88.60, for a total value of $101,535.60.

Greif Stock Performance

GEF stock opened at $84.56 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.90 billion, a PE ratio of 26.51, a P/E/G ratio of 0.76 and a beta of 0.75. The business has a 50 day moving average of $79.45 and a 200-day moving average of $72.08. Greif, Inc. has a 12-month low of $55.75 and a 12-month high of $90.57.

Greif (NYSE:GEF) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.Greif’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. As a group, sell-side analysts expect that Greif, Inc. will post 4.3 earnings per share for the current year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, September 17th. This represents a $2.48 annualized dividend and a yield of 2.9%. Greif’s dividend payout ratio is presently 77.74%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GEF shares. Truist Financial reissued a “hold” rating and issued a $97.00 price target (up from $78.00) on shares of Greif in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Greif from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America lowered shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company raised their price target on Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Greif currently has an average rating of “Hold” and an average target price of $83.00.

Institutional Trading of Greif

A number of institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Greif by 106.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 317 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Greif by 33.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 172 shares during the period. Simplex Trading LLC raised its stake in shares of Greif by 399.5% during the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,482 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Greif during the first quarter valued at about $201,000. Finally, Man Group plc purchased a new stake in shares of Greif during the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.