Greif, Inc. (NYSE:GEF) CFO Purchases $37,334.00 in Stock

Greif, Inc. (NYSE:GEF) CFO Lawrence A. Hilsheimer purchased 550 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $67.88 per share, with a total value of $37,334.00. Following the completion of the purchase, the chief financial officer now owns 162,151 shares of the company’s stock, valued at $11,006,809.88. This represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Greif Trading Up 0.7 %

NYSE GEF opened at $61.16 on Thursday. The stock’s fifty day moving average price is $66.34 and its 200-day moving average price is $63.12. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 1.24. The stock has a market cap of $2.89 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.19 and a beta of 0.92. Greif, Inc. has a 12 month low of $55.95 and a 12 month high of $73.16.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Greif had a net margin of 4.81% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 earnings per share. As a group, equities analysts forecast that Greif, Inc. will post 4.49 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a $0.54 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.16 annualized dividend and a yield of 3.53%. Greif’s dividend payout ratio (DPR) is presently 47.79%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Bank of America decreased their target price on Greif from $77.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird increased their price objective on Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial restated a “hold” rating and set a $67.00 target price (down previously from $69.00) on shares of Greif in a report on Friday, August 30th. Finally, Sidoti initiated coverage on shares of Greif in a research note on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Greif presently has an average rating of “Moderate Buy” and an average price target of $78.67.

Institutional Trading of Greif

A number of institutional investors and hedge funds have recently modified their holdings of GEF. Verdence Capital Advisors LLC lifted its holdings in shares of Greif by 3.2% during the third quarter. Verdence Capital Advisors LLC now owns 5,195 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 163 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Greif by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,068 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 200 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Greif by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,049 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 222 shares during the last quarter. Quarry LP grew its stake in shares of Greif by 71.9% in the second quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 228 shares during the period. Finally, Cadence Wealth Management LLC raised its holdings in shares of Greif by 11.1% during the second quarter. Cadence Wealth Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 444 shares during the last quarter. 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.