Greif, Inc. (NYSE:GEF) Director Buys $58,500.00 in Stock

Greif, Inc. (NYSE:GEF) Director Frank Calhoun V. Miller acquired 1,000 shares of Greif stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $58.50 per share, for a total transaction of $58,500.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $58,500. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greif Stock Up 2.0 %

Shares of NYSE:GEF opened at $55.94 on Friday. Greif, Inc. has a 52-week low of $53.43 and a 52-week high of $73.16. The stock has a market cap of $2.65 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The business’s 50 day moving average is $59.68 and its 200 day moving average is $62.63. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.

Greif (NYSE:GEF) last announced its quarterly earnings data 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). Greif had a return on equity of 11.84% and a net margin of 4.81%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Sell-side analysts predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, March 17th. This represents a $2.16 dividend on an annualized basis and a yield of 3.86%. Greif’s dividend payout ratio is currently 61.71%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GEF shares. Truist Financial reaffirmed a “hold” rating and set a $65.00 target price (down previously from $71.00) on shares of Greif in a research note on Monday, March 3rd. Wells Fargo & Company cut their target price on Greif from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Sidoti started coverage on Greif in a research note on Wednesday, November 20th. They set a “buy” rating and a $93.00 target price on the stock. Robert W. Baird cut their target price on Greif from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Finally, Bank of America cut their target price on Greif from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Four 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, the stock has an average rating of “Moderate Buy” and an average price target of $77.00.

Institutional Trading of Greif

A number of hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in Greif by 5.6% during the fourth quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company’s stock worth $242,000 after buying an additional 211 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in Greif by 4.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,541 shares of the industrial products company’s stock worth $342,000 after buying an additional 221 shares during the period. Bank of Montreal Can lifted its holdings in Greif by 7.8% during the fourth quarter. Bank of Montreal Can now owns 6,013 shares of the industrial products company’s stock worth $368,000 after buying an additional 433 shares during the period. Avior Wealth Management LLC purchased a new stake in Greif during the fourth quarter worth $31,000. Finally, Principal Securities Inc. lifted its holdings in Greif by 28.2% during the fourth quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company’s stock worth $149,000 after buying an additional 537 shares during the period. Hedge funds and other institutional investors own 45.74% of the company’s stock.

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.