Brokerages Set Greif, Inc. (NYSE:GEF) PT at $73.50

Greif, Inc. (NYSE:GEF) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $73.50.

Several equities analysts have issued reports on the stock. Truist Financial lowered their target price on shares of Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company lowered their target price on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Weiss Ratings upgraded shares of Greif from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st.

Insider Buying and Selling at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $65.26, for a total value of $130,520.00. Following the transaction, the senior vice president owned 65,832 shares in the company, valued at $4,296,196.32. This represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,000 shares of company stock valued at $406,680. 7.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greif

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in Greif by 33.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after buying an additional 172 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Greif by 4.3% in the fourth quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 235 shares in the last quarter. American Century Companies Inc. lifted its position in Greif by 1.3% in the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 280 shares during the last quarter. Personal CFO Solutions LLC lifted its position in Greif by 8.4% in the first quarter. Personal CFO Solutions LLC now owns 3,902 shares of the industrial products company’s stock worth $264,000 after buying an additional 302 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Greif by 106.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after buying an additional 317 shares during the last quarter. 45.74% of the stock is owned by hedge funds and other institutional investors.

Greif Stock Performance

Shares of Greif stock opened at $70.19 on Friday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.71 and a beta of 0.80. The firm’s 50-day moving average is $66.24 and its 200 day moving average is $68.73. Greif has a 1 year low of $55.75 and a 1 year high of $77.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00.

Greif (NYSE:GEF) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. Greif’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. Sell-side analysts anticipate that Greif will post 3.87 EPS for the current fiscal year.

Greif Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be paid a $0.62 dividend. This is a boost from Greif’s previous quarterly dividend of $0.56. The ex-dividend date is Wednesday, June 17th. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. Greif’s dividend payout ratio (DPR) is currently 95.02%.

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.