Greif, Inc. (NYSE:GEF) Director Buys $167,670.00 in Stock

Greif, Inc. (NYSE:GEF - Get Free Report) Director Mark A. Emkes bought 3,000 shares of Greif stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $55.89 per share, for a total transaction of $167,670.00. Following the completion of the acquisition, the director now directly owns 44,257 shares of the company's stock, valued at approximately $2,473,523.73. The trade was a 7.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greif Trading Down 3.7 %

Shares of GEF traded down $2.15 during mid-day trading on Monday, reaching $55.41. The stock had a trading volume of 209,408 shares, compared to its average volume of 169,381. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.02 and a beta of 0.91. The business's fifty day moving average is $60.25 and its 200 day moving average is $62.91. Greif, Inc. has a 52-week low of $53.43 and a 52-week high of $73.16.

Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.33). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. On average, sell-side analysts predict that Greif, Inc. will post 4.11 EPS for the current fiscal year.

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Greif Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Monday, March 17th. Greif's dividend payout ratio is presently 61.71%.

Analyst Ratings Changes

A number of equities analysts have recently commented on GEF shares. Sidoti began coverage on shares of Greif in a research report on Wednesday, November 20th. They set a "buy" rating and a $93.00 target price on the stock. Robert W. Baird dropped their target price on Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Truist Financial reissued a "hold" rating and issued a $65.00 price objective (down previously from $71.00) on shares of Greif in a report on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, Bank of America decreased their target price on Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $77.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC acquired a new position in shares of Greif in the 4th quarter worth approximately $31,000. Quarry LP acquired a new stake in shares of Greif during the fourth quarter worth about $53,000. Quest Partners LLC boosted its stake in shares of Greif by 35.0% in the third quarter. Quest Partners LLC now owns 2,257 shares of the industrial products company's stock valued at $141,000 after purchasing an additional 585 shares during the period. Principal Securities Inc. grew its holdings in shares of Greif by 28.2% in the fourth quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock valued at $149,000 after purchasing an additional 537 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Greif by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,068 shares of the industrial products company's stock worth $192,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds 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.