Greif, Inc. (NYSE:GEF) VP David C. Lloyd Sells 2,263 Shares of Stock

Greif, Inc. (NYSE:GEF) VP David C. Lloyd sold 2,263 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $55.24, for a total transaction of $125,008.12. Following the completion of the transaction, the vice president now owns 7,580 shares of the company’s stock, valued at $418,719.20. This trade 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 link.

Greif Trading Up 0.2 %

Shares of NYSE:GEF opened at $56.45 on Friday. 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 company has a 50 day moving average of $60.43 and a 200-day moving average of $62.96. Greif, Inc. has a twelve month low of $53.43 and a twelve month high of $73.16. The firm has a market cap of $2.66 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.02 and a beta of 0.94.

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

Greif Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.83%. Greif’s dividend payout ratio is currently 61.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Greif from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Bank of America decreased their price target on shares of Greif from $79.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Truist Financial reaffirmed a “hold” rating and issued a $65.00 price target (down from $71.00) on shares of Greif in a report on Monday. Sidoti initiated coverage on shares of Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of Greif from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Institutional Investors Weigh In On Greif

A number of large investors have recently made changes to their positions in GEF. Deprince Race & Zollo Inc. acquired a new stake in shares of Greif during the fourth quarter valued at approximately $46,279,000. Point72 Asset Management L.P. increased its stake in Greif by 7,222.6% in the 4th quarter. Point72 Asset Management L.P. now owns 233,370 shares of the industrial products company’s stock valued at $14,264,000 after buying an additional 230,183 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Greif in the 4th quarter valued at approximately $7,473,000. Norges Bank acquired a new position in Greif in the 4th quarter valued at approximately $4,219,000. Finally, Ameriprise Financial Inc. increased its stake in Greif by 25.3% in the 4th quarter. Ameriprise Financial Inc. now owns 298,237 shares of the industrial products company’s stock valued at $18,229,000 after buying an additional 60,313 shares during the period. Institutional investors and hedge funds 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.