Greif, Inc. (NYSE:GEF - Get Free Report) VP Gary R. Martz acquired 1,925 shares of Greif stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average price of $68.86 per share, with a total value of $132,555.50. Following the completion of the purchase, the vice president now owns 10,025 shares of the company's stock, valued at $690,321.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Greif Stock Up 0.4 %
Greif stock opened at $68.75 on Thursday. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.80 and a beta of 0.87. Greif, Inc. has a 52 week low of $59.37 and a 52 week high of $76.00. The business's 50-day moving average price is $63.98 and its 200 day moving average price is $65.10. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 1.09.
Greif (NYSE:GEF - Get Free Report) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.20 by $1.07. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Greif had a return on equity of 18.65% and a net margin of 6.53%. Greif's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. As a group, sell-side analysts anticipate that Greif, Inc. will post 3.8 earnings per share for the current year.
Greif Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, March 15th. Greif's payout ratio is currently 35.99%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on GEF shares. StockNews.com upgraded Greif from a "hold" rating to a "buy" rating in a research note on Monday, January 1st. Stifel Nicolaus restated a "buy" rating and issued a $94.00 price objective on shares of Greif in a research note on Thursday, December 7th. Finally, Wells Fargo & Company raised Greif from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $64.00 to $75.00 in a report on Thursday, January 11th.
Read Our Latest Research Report on Greif
Institutional Trading of Greif
Several institutional investors have recently bought and sold shares of GEF. First Manhattan CO. LLC. acquired a new stake in Greif in the first quarter valued at approximately $38,000. TFO Wealth Partners LLC grew its holdings in Greif by 162,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company's stock valued at $107,000 after purchasing an additional 1,627 shares during the period. Point72 Hong Kong Ltd grew its holdings in Greif by 326.6% in the first quarter. Point72 Hong Kong Ltd now owns 1,813 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 1,388 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Greif in the fourth quarter worth approximately $125,000. Finally, Bfsg LLC acquired a new stake in shares of Greif in the fourth quarter worth approximately $176,000. 45.74% of the stock is owned by institutional investors and hedge funds.
Greif Company Profile
(
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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