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Insider Selling: Greif, Inc. (NYSE:GEF) CEO Sells 30,000 Shares of Stock

Greif logo with Industrials background

Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole G. Rosgaard sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $65.75, for a total transaction of $1,972,500.00. Following the completion of the transaction, the chief executive officer now directly owns 97,464 shares of the company's stock, valued at approximately $6,408,258. The trade was a 23.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Greif Stock Performance

Shares of GEF traded down $1.59 during mid-day trading on Friday, reaching $63.37. 188,532 shares of the company's stock were exchanged, compared to its average volume of 176,022. The business's fifty day simple moving average is $55.42 and its 200-day simple moving average is $58.61. The stock has a market capitalization of $3.01 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. Greif, Inc. has a 52-week low of $48.23 and a 52-week high of $73.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13.

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 (EPS) 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 4.81% and a return on equity of 11.84%. Greif's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. On average, equities research analysts expect that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, June 17th. Greif's dividend payout ratio (DPR) is presently 60.85%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEF. Truist Financial lowered their price target on Greif from $65.00 to $56.00 and set a "hold" rating for the company 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 for the company in a report on Tuesday, June 3rd. Finally, Robert W. Baird cut their price target on shares of Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $74.17.

Check Out Our Latest Stock Analysis on GEF

Institutional Trading of Greif

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased 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. Thrivent Financial for Lutherans grew its position in Greif by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company's stock valued at $48,983,000 after buying an additional 17,425 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Greif in the 4th quarter valued at $46,279,000. Charles Schwab Investment Management Inc. raised its position in Greif by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company's stock worth $32,805,000 after buying an additional 27,832 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Greif by 2.1% in 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 acquiring an additional 11,210 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.

About Greif

(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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