Greif, Inc. (NYSE:GEF - Get Free Report) Director B Andrew Rose bought 3,500 shares of Greif stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $70.20 per share, with a total value of $245,700.00. Following the completion of the acquisition, the director now owns 3,500 shares of the company's stock, valued at $245,700. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Greif Stock Performance
Shares of NYSE GEF traded up $0.44 during midday trading on Monday, hitting $60.76. The company's stock had a trading volume of 229,037 shares, compared to its average volume of 172,514. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.19 and a beta of 0.92. 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 fifty day moving average price of $66.51 and a 200 day moving average price of $63.14. Greif, Inc. has a one year low of $55.95 and a one year high of $73.16.
Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.23). The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. Greif had a net margin of 4.81% and a return on equity of 11.85%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, research analysts forecast that Greif, Inc. will post 4.49 EPS for the current fiscal year.
Greif Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, December 16th. This represents a $2.16 dividend on an annualized basis and a yield of 3.55%. Greif's dividend payout ratio (DPR) is 47.79%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Truist Financial reiterated a "hold" rating and set a $67.00 target price (down from $69.00) on shares of Greif in a research note on Friday, August 30th. Sidoti started coverage on shares of Greif in a research report on Wednesday, November 20th. They issued a "buy" rating and a $93.00 price objective on the stock. Stifel Nicolaus reissued a "buy" rating and set a $88.00 target price on shares of Greif in a research report on Monday, August 26th. Wells Fargo & Company decreased their price target on shares of Greif from $80.00 to $76.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Finally, Robert W. Baird upped their price objective on Greif from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.67.
Read Our Latest Research Report on GEF
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in Greif by 71.9% in the 2nd quarter. Quarry LP now owns 545 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 228 shares during the period. Innealta Capital LLC bought a new stake in Greif during the second quarter valued at $64,000. DekaBank Deutsche Girozentrale grew its position in Greif by 80.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company's stock worth $73,000 after buying an additional 561 shares in the last quarter. nVerses Capital LLC bought a new position in Greif in the 2nd quarter worth about $80,000. Finally, Quest Partners LLC raised its holdings in shares of Greif by 27,766.7% in 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 in the last quarter. Institutional investors own 45.74% of the company's stock.
About Greif
(
Get Free Report)
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.
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