Greif, Inc. (NYSE:GEF - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.34 and traded as high as $66.01. Greif shares last traded at $65.33, with a volume of 156,422 shares traded.
Wall Street Analyst Weigh In
GEF has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Truist Financial decreased their price objective on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $74.17.
View Our Latest Report on GEF
Greif Trading Down 1.0%
The company has a market cap of $3.10 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.67 and a beta of 0.95. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $57.47 and a two-hundred day moving average price of $58.34.
Greif (NYSE:GEF - Get Free Report) last released its earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.11. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.43 billion. Greif had a return on equity of 10.21% and a net margin of 3.74%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, analysts predict that Greif, Inc. will post 4.11 EPS for the current year.
Greif Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be issued a $0.54 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $2.16 dividend on an annualized basis and a yield of 3.31%. Greif's dividend payout ratio is presently 60.85%.
Insider Activity at Greif
In related news, CEO Ole G. Rosgaard sold 30,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $65.75, for a total value of $1,972,500.00. Following the completion of the sale, the chief executive officer now owns 97,464 shares in the company, valued at approximately $6,408,258. This represents a 23.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Greif
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEF. Summit Securities Group LLC bought a new stake in shares of Greif in the first quarter worth about $37,000. Parallel Advisors LLC increased its holdings in shares of Greif by 104.9% in the first quarter. Parallel Advisors LLC now owns 838 shares of the industrial products company's stock worth $46,000 after acquiring an additional 429 shares in the last quarter. Quarry LP bought a new stake in shares of Greif in the fourth quarter worth about $53,000. PharVision Advisers LLC bought a new stake in shares of Greif in the fourth quarter worth about $207,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Greif in the fourth quarter worth about $209,000. 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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