Greif, Inc. (NYSE:GEF) Director Purchases $245,700.00 in Stock

Greif, Inc. (NYSE:GEF) Director B Andrew Rose purchased 3,500 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of $70.20 per share, for a total transaction of $245,700.00. Following the purchase, the director now owns 3,500 shares in the company, valued at $245,700. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Greif Price Performance

Shares of NYSE:GEF opened at $61.16 on Wednesday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.19 and a beta of 0.92. The business has a 50 day moving average price of $66.41 and a 200 day moving average price of $63.14. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 1.24. Greif, Inc. has a twelve month low of $55.95 and a twelve month high of $73.16.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.23). The business had revenue of $1.42 billion during 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 was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 earnings per share. Research analysts predict that Greif, Inc. will post 4.49 earnings per share for the current year.

Greif Announces Dividend

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

Wall Street Analysts Forecast Growth

GEF has been the subject of a number of recent research reports. Truist Financial reiterated a “hold” rating and issued a $67.00 price objective (down from $69.00) on shares of Greif in a report on Friday, August 30th. Bank of America lowered their price objective on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Robert W. Baird boosted their target price on Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Sidoti initiated coverage on Greif in a report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Greif currently has a consensus rating of “Moderate Buy” and an average target price of $78.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP grew its position in Greif by 71.9% during the second quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after buying an additional 228 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Greif in the 2nd quarter worth approximately $64,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Greif by 80.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 561 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Greif during the second quarter valued at approximately $80,000. Finally, Quest Partners LLC raised its stake in shares of Greif by 27,766.7% in the second quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 1,666 shares in 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.