Shares of Greif, Inc. (NYSE:GEF - Get Free Report) crossed 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 changing hands.
Wall Street Analyst Weigh In
GEF has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of 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 MarketBeat.com, Greif currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.17.
Get Our Latest Stock Report on GEF
Greif Trading Down 1.6%
The stock has a market cap of $3.09 billion, a P/E ratio of 18.33, a PEG ratio of 1.63 and a beta of 0.95. The firm's fifty day moving average price is $58.04 and its two-hundred day moving average price is $58.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.27 and a quick ratio of 0.96.
Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.43 billion. Greif had a net margin of 3.74% and a return on equity of 10.21%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, equities research analysts forecast that Greif, Inc. will post 4.11 EPS for the current year.
Greif Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 3.32%. Greif's payout ratio is currently 60.85%.
Insider Transactions at Greif
In related news, CEO Ole G. Rosgaard sold 30,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 97,464 shares of the company's stock, valued at $6,408,258. This represents a 23.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.60% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in Greif by 4.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company's stock valued at $68,797,000 after acquiring an additional 55,948 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Greif by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company's stock valued at $48,983,000 after acquiring an additional 17,425 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Greif in the fourth quarter valued at $46,279,000. Charles Schwab Investment Management Inc. increased its stake in Greif by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company's stock valued at $32,805,000 after acquiring an additional 27,832 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in Greif by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock valued at $32,756,000 after acquiring an additional 11,210 shares during the last quarter. Institutional investors own 45.74% of the company's stock.
Greif Company Profile
(
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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