Insider Selling: Greif, Inc. (NYSE:GEF) CEO Sells 2,200 Shares of Stock

Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole G. Rosgaard sold 2,200 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $70.00, for a total transaction of $154,000.00. Following the completion of the transaction, the chief executive officer owned 74,027 shares in the company, valued at approximately $5,181,890. This represents a 2.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Greif Stock Down 0.5%

Shares of NYSE GEF traded down $0.34 during trading hours on Wednesday, hitting $67.87. 39,087 shares of the stock were exchanged, compared to its average volume of 180,119. 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 company has a market cap of $3.22 billion, a PE ratio of 19.12, a PEG ratio of 1.73 and a beta of 0.99. The firm has a fifty day moving average price of $60.25 and a 200-day moving average price of $58.47. Greif, Inc. has a 12 month low of $48.23 and a 12 month 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 for 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%. Greif's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, sell-side analysts expect that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The business 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. This represents a $2.16 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, June 17th. Greif's dividend payout ratio is presently 60.85%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 3rd. Bank of America reaffirmed a "neutral" rating and set a $77.00 target price (up from $71.00) on shares of Greif in a research note on Wednesday. Finally, Truist Financial cut their target price on shares of Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $74.83.

Institutional Trading of Greif

Several large investors have recently made changes to their positions in the business. UniSuper Management Pty Ltd purchased a new stake in shares of Greif in the 1st quarter valued at $654,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Greif in the 1st quarter valued at $3,193,000. AQR Capital Management LLC boosted its holdings in shares of Greif by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 366,449 shares of the industrial products company's stock valued at $20,015,000 after acquiring an additional 128,880 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Greif by 5.5% in 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 holdings in shares of Greif by 4.7% in the 1st 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. 45.74% of the stock is owned by hedge funds and other institutional investors.

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.