Brokerages Set Greif, Inc. (NYSE:GEF) PT at $73.75

Shares of Greif, Inc. (NYSE:GEF) have been given an average rating of “Hold” by the five research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $73.75.

GEF has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Robert W. Baird set a $75.00 target price on Greif in a research note on Thursday, January 29th. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Truist Financial upped their target price on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th.

Greif Stock Up 0.5%

Shares of GEF stock opened at $67.15 on Friday. The stock’s 50-day simple moving average is $70.41 and its 200-day simple moving average is $66.40. 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 firm has a market capitalization of $3.11 billion, a PE ratio of 24.87, a P/E/G ratio of 0.51 and a beta of 0.92. Greif has a fifty-two week low of $48.23 and a fifty-two week high of $77.14.

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

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a $0.56 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. Greif’s dividend payout ratio is presently 82.96%.

Insider Transactions at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $67.49, for a total value of $134,980.00. Following the sale, the senior vice president owned 71,832 shares in the company, valued at $4,847,941.68. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bala Sathyanarayanan sold 2,731 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $76.67, for a total value of $209,385.77. Following the completion of the sale, the executive vice president owned 34,076 shares in the company, valued at $2,612,606.92. The trade was a 7.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 22,252 shares of company stock valued at $1,971,735 and have sold 54,211 shares valued at $3,950,846. 7.70% of the stock is owned by corporate insiders.

Institutional Trading of Greif

A number of hedge funds have recently modified their holdings of GEF. Blue Trust Inc. boosted its position in Greif by 36.2% during the third quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 176 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Greif by 106.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 317 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 172 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Greif during the fourth quarter worth approximately $84,000. Finally, Simplex Trading LLC boosted its position in Greif by 399.5% during the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,482 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s stock.

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.