Greif (NYSE:GEF) EVP Sells $109,670.00 in Stock

Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $109.67, for a total transaction of $109,670.00. Following the transaction, the executive vice president owned 7,549 shares of the company’s stock, valued at $827,898.83. This trade represents a 11.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bala Sathyanarayanan also recently made the following trade(s):

• On Friday, August 7th, Bala Sathyanarayanan sold 1,146 shares of Greif stock. The shares were sold at an average price of $88.60, for a total transaction of $101,535.60.

Greif Price Performance

Shares of GEF opened at $84.47 on Friday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 0.76 and a beta of 0.75. The firm’s fifty day simple moving average is $80.07 and its 200-day simple moving average is $72.22. Greif, Inc. has a twelve month low of $55.75 and a twelve month high of $90.57. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23.

Greif (NYSE:GEF) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities analysts forecast that Greif, Inc. will post 4.3 EPS for the current fiscal year.

Greif Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 17th. Greif’s dividend payout ratio is currently 77.74%.

Institutional Trading of Greif

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Greif by 106.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 317 shares during the period. Rockefeller Capital Management L.P. increased 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 buying an additional 172 shares during the period. Simplex Trading LLC increased 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 buying an additional 1,482 shares during the period. Leonteq Securities AG purchased a new stake in Greif in the first quarter valued at approximately $201,000. Finally, Man Group plc purchased a new stake in Greif in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GEF shares. Wells Fargo & Company increased their price objective on Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Truist Financial reaffirmed a “hold” rating and issued a $97.00 price target (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Bank of America lowered shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 14th. Wall Street Zen raised shares of Greif from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Greif has a consensus rating of “Hold” and a consensus price target of $83.00.

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.