Greif, Inc. (NYSE:GEF) VP Sells $125,008.12 in Stock

Greif, Inc. (NYSE:GEF) VP David C. Lloyd sold 2,263 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total value of $125,008.12. Following the transaction, the vice president now owns 7,580 shares of the company’s stock, valued at approximately $418,719.20. This represents a 22.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Greif Price Performance

NYSE GEF opened at $57.58 on Friday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.02 and a beta of 0.91. Greif, Inc. has a 1 year low of $53.43 and a 1 year high of $73.16. The business’s fifty day moving average is $60.25 and its two-hundred day moving average is $62.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.33). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. On average, research analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a $0.54 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.75%. Greif’s dividend payout ratio is currently 61.71%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEF. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Greif during the 4th quarter valued at $7,473,000. PharVision Advisers LLC acquired a new stake in Greif during the 4th quarter valued at $207,000. Voloridge Investment Management LLC raised its stake in Greif by 4.5% during the 4th quarter. Voloridge Investment Management LLC now owns 52,634 shares of the industrial products company’s stock valued at $3,217,000 after purchasing an additional 2,283 shares during the period. Sovereign s Capital Management LLC acquired a new stake in Greif during the 4th quarter valued at $828,000. Finally, Two Sigma Advisers LP raised its stake in Greif by 11.6% during the 4th quarter. Two Sigma Advisers LP now owns 7,700 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 800 shares during the period. Institutional investors own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

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

About Greif

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.