Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan Sells 748 Shares

by · The Cerbat Gem

Greif, Inc. (NYSE:GEF – Get Free Report) EVP Bala Sathyanarayanan sold 748 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $60.21, for a total value of $45,037.08. Following the sale, the executive vice president now owns 32,729 shares of the company’s stock, valued at $1,970,613.09. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Greif Stock Performance

Greif stock traded up $0.15 during midday trading on Wednesday, reaching $59.64. The stock had a trading volume of 239,543 shares, compared to its average volume of 223,769. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $2.81 billion, a PE ratio of 13.19, a P/E/G ratio of 1.19 and a beta of 0.95. Greif, Inc. has a 12 month low of $55.95 and a 12 month high of $73.16. The firm’s 50-day moving average price is $65.86 and its 200 day moving average price is $63.09.

Greif (NYSE:GEF – Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Greif had a return on equity of 11.85% and a net margin of 4.81%. Greif’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 earnings per share. As a group, research analysts predict that Greif, Inc. will post 4.38 earnings per share for the current fiscal year.

Greif Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Monday, December 16th. Greif’s dividend payout ratio is presently 47.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in Greif by 24.0% during the third quarter. Sanctuary Advisors LLC now owns 6,953 shares of the industrial products company’s stock valued at $436,000 after buying an additional 1,344 shares during the period. MML Investors Services LLC boosted its position in shares of Greif by 14.3% during the 3rd quarter. MML Investors Services LLC now owns 15,830 shares of the industrial products company’s stock valued at $992,000 after acquiring an additional 1,986 shares during the last quarter. Zacks Investment Management purchased a new position in shares of Greif during the third quarter worth about $610,000. Stifel Financial Corp raised its stake in Greif by 97.0% in the third quarter. Stifel Financial Corp now owns 34,045 shares of the industrial products company’s stock valued at $2,133,000 after purchasing an additional 16,759 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in Greif by 15.5% during the third quarter. Systematic Financial Management LP now owns 302,552 shares of the industrial products company’s stock valued at $18,958,000 after purchasing an additional 40,494 shares during the last quarter. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GEF has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Bank of America reduced their price objective on Greif from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Monday. Sidoti initiated coverage on shares of Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Truist Financial raised their price objective on shares of Greif from $67.00 to $71.00 and gave the stock a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Greif currently has an average rating of “Moderate Buy” and a consensus price target of $79.33.

View Our Latest Research Report on Greif

Greif Company Profile

(Get Free Report)

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. 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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