Greif (NYSE:GEF) EVP Purchases $158,653.18 in Stock

Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan purchased 1,819 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of $87.22 per share, with a total value of $158,653.18. Following the acquisition, the executive vice president owned 8,549 shares of the company’s stock, valued at $745,643.78. This represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, February 5th, Bala Sathyanarayanan acquired 1,811 shares of Greif stock. The stock was purchased at an average price of $88.10 per share, for a total transaction of $159,549.10.
• On Thursday, February 5th, Bala Sathyanarayanan sold 10,838 shares of Greif stock. The shares were sold at an average price of $74.90, for a total value of $811,766.20.
• On Tuesday, February 3rd, Bala Sathyanarayanan sold 2,499 shares of Greif stock. The stock was sold at an average price of $72.29, for a total value of $180,652.71.
• On Tuesday, February 3rd, Bala Sathyanarayanan purchased 100 shares of Greif stock. The stock was purchased at an average price of $87.69 per share, for a total transaction of $8,769.00.
• On Wednesday, February 4th, Bala Sathyanarayanan acquired 200 shares of Greif stock. The stock was purchased at an average price of $89.22 per share, with a total value of $17,844.00.
• On Wednesday, December 10th, Bala Sathyanarayanan sold 7,000 shares of Greif stock. The stock was sold at an average price of $66.62, for a total value of $466,340.00.

Greif Trading Up 0.8%

Greif stock traded up $0.61 during trading hours on Wednesday, reaching $75.76. 250,358 shares of the company’s stock traded hands, compared to its average volume of 221,659. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 0.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23. Greif, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $76.13. The firm’s 50 day moving average is $70.28 and its 200-day moving average is $64.86.

Greif (NYSE:GEF) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). Greif had a return on equity of 8.46% and a net margin of 7.52%.The business had revenue of $994.80 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.0%. Greif’s payout ratio is 82.96%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GEF shares. Wells Fargo & Company raised their target price on Greif from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Robert W. Baird set a $75.00 price objective on shares of Greif in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Truist Financial increased their target price on shares of Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th. Finally, Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Greif presently has an average rating of “Hold” and an average target price of $74.50.

Hedge Funds Weigh In On Greif

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans grew its position in Greif by 6.5% during the third quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock worth $53,506,000 after buying an additional 54,256 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Greif during the 2nd quarter worth $1,061,000. Envestnet Asset Management Inc. grew its holdings in shares of Greif by 21.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 131,131 shares of the industrial products company’s stock worth $8,522,000 after purchasing an additional 23,422 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Greif in the third quarter worth $1,220,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Greif in the second quarter valued at about $690,000. 45.74% of the stock is currently owned by institutional investors and hedge funds.

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.