Greif, Inc. (NYSE:GEF - Get Free Report) EVP Bala Sathyanarayanan sold 1,000 shares of Greif stock in a transaction on 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 in the company, valued at approximately $827,898.83. This trade represents a 11.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $101,535.60.
Greif Stock Performance
Greif stock opened at $84.56 on Wednesday. Greif, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $90.57. The stock's 50 day simple moving average is $79.45 and its two-hundred day simple moving average is $72.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 0.76 and a beta of 0.75.
Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.50. Greif had a return on equity of 8.09% and a net margin of 7.53%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The firm's revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Greif, Inc. will post 4.3 earnings per share for the current fiscal year.
Greif Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 17th. Greif's dividend payout ratio (DPR) is presently 77.74%.
Hedge Funds Weigh In On Greif
Hedge funds and other institutional investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC increased its position in shares of Greif by 631.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 26,043 shares of the industrial products company's stock valued at $1,763,000 after purchasing an additional 22,483 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Greif by 91.5% in the fourth quarter. Wesbanco Bank Inc. now owns 18,839 shares of the industrial products company's stock worth $1,275,000 after buying an additional 9,000 shares during the last quarter. Readystate Asset Management LP purchased a new position in shares of Greif in the first quarter worth approximately $871,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Greif during the first quarter valued at approximately $1,853,000. Finally, Sei Investments Co. increased its holdings in Greif by 61.5% during the first quarter. Sei Investments Co. now owns 15,165 shares of the industrial products company's stock valued at $1,017,000 after buying an additional 5,775 shares during the last quarter. Institutional investors own 45.74% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Bank of America cut Greif from a "neutral" rating to an "underperform" rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 14th. Wells Fargo & Company lifted their target price on shares of Greif from $74.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Truist Financial reiterated a "hold" rating and set a $97.00 price target (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Wall Street Zen raised shares of Greif from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Greif from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $83.00.
Check Out Our Latest Stock Analysis on Greif
Greif Company Profile
(
Get Free Report)
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.
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