Ole G. Rosgaard Sells 2,200 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole G. Rosgaard sold 2,200 shares of Greif stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $70.00, for a total value of $154,000.00. Following the completion of the transaction, the chief executive officer owned 74,027 shares in the company, valued at $5,181,890. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Greif Stock Performance

GEF traded down $0.55 on Tuesday, hitting $68.24. 250,323 shares of the stock traded hands, compared to its average volume of 178,620. Greif, Inc. has a 52 week low of $48.23 and a 52 week high of $73.16. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3.24 billion, a PE ratio of 19.22, a P/E/G ratio of 1.76 and a beta of 0.99. The business has a fifty day moving average price of $59.96 and a two-hundred day moving average price of $58.40.

Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.11. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.43 billion. Greif had a return on equity of 10.21% and a net margin of 3.74%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, research analysts predict that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, June 17th. Greif's payout ratio is currently 60.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GEF. Moran Wealth Management LLC acquired a new position in Greif during the 4th quarter worth $2,594,000. SG Americas Securities LLC lifted its holdings in Greif by 217.9% during the 1st quarter. SG Americas Securities LLC now owns 20,706 shares of the industrial products company's stock worth $1,139,000 after buying an additional 14,193 shares in the last quarter. Foundry Partners LLC acquired a new position in Greif during the 4th quarter worth $448,000. William Blair Investment Management LLC lifted its holdings in Greif by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock worth $32,756,000 after buying an additional 11,210 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Greif by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock worth $34,760,000 after buying an additional 44,088 shares in the last quarter. 45.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GEF has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 3rd. Truist Financial lowered their price target on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Greif presently has a consensus rating of "Moderate Buy" and an average target price of $74.17.

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.

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