Greif, Inc. (NYSE:GEF - Get Free Report) Director Frank Calhoun V. Miller bought 1,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $58.50 per share, for a total transaction of $58,500.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company's stock, valued at $58,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Greif Trading Up 0.4 %
Shares of GEF stock opened at $54.80 on Friday. The stock has a 50 day simple moving average of $59.90 and a 200 day simple moving average of $62.75. Greif, Inc. has a 1 year low of $53.43 and a 1 year high of $73.16. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. The stock has a market cap of $2.60 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.
Greif (NYSE:GEF - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $1.26 billion. Greif had a return on equity of 11.84% and a net margin of 4.81%. On average, research analysts predict that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.
Greif Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.94%. Greif's dividend payout ratio is 61.71%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on GEF shares. Truist Financial reaffirmed a "hold" rating and issued a $65.00 target price (down from $71.00) on shares of Greif in a report on Monday, March 3rd. Bank of America cut their price objective on Greif from $79.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target 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 shares of Greif in a report on Wednesday, November 20th. They issued a "buy" rating and a $93.00 price target on the stock. Finally, Robert W. Baird decreased their target price on Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $77.00.
View Our Latest Stock Report on GEF
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new stake in shares of Greif in the 4th quarter valued at $31,000. Quarry LP bought a new stake in shares of Greif during the 4th quarter worth $53,000. Quest Partners LLC boosted its stake in Greif by 35.0% in the third quarter. Quest Partners LLC now owns 2,257 shares of the industrial products company's stock valued at $141,000 after buying an additional 585 shares in the last quarter. Principal Securities Inc. boosted its stake in Greif by 28.2% in the fourth quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock valued at $149,000 after buying an additional 537 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Greif in the third quarter valued at about $200,000. 45.74% of the stock is owned by institutional investors.
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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