Greif, Inc. (NYSE:GEF – Get Rating) SVP Patrick Gerard Mullaney sold 500 shares of Greif stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $67.65, for a total value of $33,825.00. Following the completion of the sale, the senior vice president now directly owns 3,843 shares in the company, valued at approximately $259,978.95. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Greif Price Performance
GEF stock opened at $68.75 on Tuesday. Greif, Inc. has a 1 year low of $53.65 and a 1 year high of $72.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.05 and a current ratio of 1.48. The stock’s 50 day moving average price is $67.85 and its 200 day moving average price is $63.39. The firm has a market cap of $3.34 billion, a P/E ratio of 10.79, a PEG ratio of 0.85 and a beta of 0.93.
Greif (NYSE:GEF – Get Rating) last posted its earnings results on Wednesday, August 31st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.35. Greif had a return on equity of 29.00% and a net margin of 5.93%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company earned $1.93 EPS. Greif’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that Greif, Inc. will post 8.01 earnings per share for the current fiscal year.
Greif Increases Dividend
Analyst Ratings Changes
GEF has been the topic of several research analyst reports. StockNews.com raised Greif from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 5th. Stifel Nicolaus initiated coverage on Greif in a research note on Friday, September 2nd. They set a “buy” rating and a $90.00 price target on the stock. Wells Fargo & Company lowered Greif from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $79.00 to $71.00 in a research note on Tuesday, September 6th. Finally, BMO Capital Markets raised Greif from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $52.00 to $70.00 in a research note on Monday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.20.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in Greif by 71.4% in the 4th quarter. Lazard Asset Management LLC now owns 1,006 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 419 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in Greif by 3.8% in the 1st quarter. Verdence Capital Advisors LLC now owns 5,605 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 203 shares during the last quarter. Northwest Investment Counselors LLC raised its holdings in Greif by 26.3% in the 1st quarter. Northwest Investment Counselors LLC now owns 1,200 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 250 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Greif in the 1st quarter valued at $221,000. Finally, Nordea Investment Management AB raised its holdings in Greif by 2.2% in the 1st quarter. Nordea Investment Management AB now owns 133,832 shares of the industrial products company’s stock valued at $8,694,000 after acquiring an additional 2,857 shares during the last quarter. 47.04% of the stock is currently owned by institutional investors and hedge funds.
Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. 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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