Greif (NYSE:GEF) SVP Kimberly Anne Kellermann Sells 5,265 Shares

Greif, Inc. (NYSE:GEF) SVP Kimberly Anne Kellermann sold 5,265 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $71.99, for a total value of $379,027.35. Following the sale, the senior vice president directly owned 5,808 shares in the company, valued at $418,117.92. This represents a 47.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Greif Price Performance

Shares of NYSE:GEF traded down $1.63 during midday trading on Thursday, reaching $73.81. 206,780 shares of the company’s stock traded hands, compared to its average volume of 211,044. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23. The company has a market cap of $3.51 billion, a P/E ratio of 27.34, a PEG ratio of 0.55 and a beta of 0.96. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $75.86. The company has a fifty day simple moving average of $69.55 and a two-hundred day simple moving average of $64.65.

Greif (NYSE:GEF) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.21). The company had revenue of $994.80 million for the quarter, compared to analysts’ expectations of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities analysts predict that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, December 18th. Greif’s payout ratio is presently 82.96%.

Institutional Investors Weigh In On Greif

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of Greif by 36.2% in the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 176 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Greif during the 4th quarter valued at about $84,000. State Board of Administration of Florida Retirement System bought a new position in shares of Greif in the second quarter valued at $214,000. Neuberger Berman Group LLC purchased a new stake in shares of Greif during the second quarter valued at $216,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Greif by 59.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,368 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 1,261 shares during the period. Institutional investors own 45.74% of the company’s stock.

Analysts Set New Price Targets

GEF has been the subject of several research analyst reports. Robert W. Baird set a $75.00 target price on shares of Greif in a research report on Thursday, January 29th. Wells Fargo & Company boosted their target price on Greif from $72.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Greif in a research report on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of Greif from $71.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.50.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.