Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan Sells 748 Shares of Stock

Greif, Inc. (NYSE:GEFGet Free Report) EVP Bala Sathyanarayanan sold 748 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $60.21, for a total transaction of $45,037.08. Following the completion of the sale, the executive vice president now owns 32,729 shares of the company’s stock, valued at $1,970,613.09. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Greif Stock Performance

Shares of NYSE GEF opened at $59.64 on Thursday. Greif, Inc. has a one year low of $55.95 and a one year high of $73.16. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.53 and a quick ratio of 1.14. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.19 and a beta of 0.95. The stock’s fifty day moving average price is $65.78 and its two-hundred day moving average price is $63.06.

Greif (NYSE:GEFGet Free Report) last released its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Greif had a return on equity of 11.85% and a net margin of 4.81%. Greif’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 earnings per share. On average, equities analysts forecast that Greif, Inc. will post 4.38 EPS for the current year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Monday, December 16th. Greif’s dividend payout ratio (DPR) is currently 47.79%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Sidoti initiated coverage on Greif in a research note on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price objective on the stock. Truist Financial increased their price target on Greif from $67.00 to $71.00 and gave the company a “hold” rating in a research note on Monday. Bank of America reduced their price objective on shares of Greif from $79.00 to $73.00 and set a “buy” rating for the company in a research report on Monday. Finally, Robert W. Baird increased their price objective on shares of Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.33.

Get Our Latest Report on Greif

Hedge Funds Weigh In On Greif

A number of hedge funds have recently added to or reduced their stakes in GEF. Quest Partners LLC grew its holdings in shares of Greif by 27,766.7% during the 2nd quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 1,666 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Greif by 80.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock valued at $73,000 after buying an additional 561 shares during the period. William Blair Investment Management LLC raised its position in shares of Greif by 17.6% in the 2nd quarter. William Blair Investment Management LLC now owns 540,330 shares of the industrial products company’s stock valued at $31,053,000 after buying an additional 80,754 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Greif by 450.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,430 shares of the industrial products company’s stock worth $3,243,000 after acquiring an additional 46,176 shares during the period. Finally, Denali Advisors LLC boosted its position in shares of Greif by 36.5% during the 2nd quarter. Denali Advisors LLC now owns 105,513 shares of the industrial products company’s stock worth $6,064,000 after acquiring an additional 28,200 shares in the last quarter. Institutional investors own 45.74% of the company’s stock.

About Greif

(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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Insider Buying and Selling by Quarter for Greif (NYSE:GEF)

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