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 the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $70.00, for a total value of $84,420.00. Following the completion of the transaction, the chief executive officer owned 76,227 shares of the company's stock, valued at approximately $5,335,890. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greif Trading Down 0.4%

NYSE GEF traded down $0.29 during trading hours on Wednesday, hitting $67.92. 262,260 shares of the company were exchanged, compared to its average volume of 179,088. The stock has a 50-day moving average price of $60.56 and a 200 day moving average price of $58.53. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. Greif, Inc. has a 52 week low of $48.23 and a 52 week high of $73.16. The stock has a market cap of $3.22 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.72 and a beta of 0.99.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings data 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. Greif had a return on equity of 10.21% and a net margin of 3.74%. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, June 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.18%. Greif's dividend payout ratio (DPR) is presently 60.85%.

Analysts Set New Price Targets

GEF has been the topic of several recent analyst reports. Truist Financial cut their target price on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Bank of America restated a "neutral" rating and issued a $77.00 price target (up from $71.00) on shares of Greif in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price target on Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. UniSuper Management Pty Ltd purchased a new stake in shares of Greif in the first quarter valued at approximately $654,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Greif in the first quarter valued at approximately $3,193,000. AQR Capital Management LLC boosted 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 purchasing an additional 128,880 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Greif by 5.5% in the first quarter. Baird Financial Group Inc. now owns 37,135 shares of the industrial products company's stock valued at $2,042,000 after purchasing an additional 1,944 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 55,948 shares during the period. Hedge funds and other 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.