Ole G. Rosgaard Sells 1,206 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole G. Rosgaard sold 1,206 shares of Greif stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $70.00, for a total transaction of $84,420.00. Following the completion of the transaction, the chief executive officer owned 76,227 shares in the company, valued at approximately $5,335,890. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Greif Stock Down 0.8%

Shares of GEF stock traded down $0.55 on Friday, hitting $66.94. The stock had a trading volume of 241,393 shares, compared to its average volume of 179,314. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.96 and a current ratio of 1.27. The stock's 50 day moving average is $61.11 and its 200-day moving average is $58.62. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.39 and a beta of 0.99. Greif, Inc. has a 52-week low of $48.23 and a 52-week high of $73.16.

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 the consensus estimate 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 net margin of 3.74% and a return on equity of 10.21%. The company's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. As a group, research analysts expect that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were paid a $0.54 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $2.16 dividend on an annualized basis and a yield of 3.23%. Greif's payout ratio is currently 60.85%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GEF shares. Truist Financial lowered their price target on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Bank of America reissued a "neutral" rating and issued a $77.00 target price (up previously from $71.00) on shares of Greif in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target on Greif from $75.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Greif currently has a consensus rating of "Hold" and an average price target of $74.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GEF. UniSuper Management Pty Ltd bought a new position in shares of Greif during the 1st quarter valued at about $654,000. Jacobs Levy Equity Management Inc. acquired a new position in Greif in the first quarter worth approximately $3,193,000. AQR Capital Management LLC increased its holdings in shares of Greif by 54.2% in the first quarter. AQR Capital Management LLC now owns 366,449 shares of the industrial products company's stock valued at $20,015,000 after buying an additional 128,880 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Greif by 5.5% during the 1st quarter. Baird Financial Group Inc. now owns 37,135 shares of the industrial products company's stock valued at $2,042,000 after acquiring an additional 1,944 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Greif by 4.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company's stock worth $68,797,000 after acquiring an additional 55,948 shares in the last quarter. 45.74% of the stock is owned by institutional investors and hedge funds.

Greif Company Profile

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.