Analysts Set Greif, Inc. (NYSE:GEF) PT at $69.50

Greif, Inc. (NYSE:GEF) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.50.

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Greif from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Wells Fargo & Company increased their price target on Greif from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial lowered their price objective on Greif from $72.00 to $71.00 and set a “hold” rating on the stock in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greif in a research note on Wednesday, October 8th. Finally, Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd.

Greif Trading Up 1.5%

Shares of Greif stock opened at $66.18 on Monday. The company’s fifty day simple moving average is $60.25 and its 200-day simple moving average is $62.43. The stock has a market capitalization of $3.14 billion, a PE ratio of 21.01, a P/E/G ratio of 1.93 and a beta of 0.95. Greif has a 1-year low of $48.23 and a 1-year high of $71.99. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.41 and a quick ratio of 1.18.

Insider Activity

In related news, CFO Lawrence A. Hilsheimer purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $65.49 per share, for a total transaction of $65,490.00. Following the purchase, the chief financial officer directly owned 198,444 shares in the company, valued at $12,996,097.56. This trade represents a 0.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the transaction, the senior vice president owned 62,678 shares of the company’s stock, valued at approximately $3,760,680. The trade was a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 32,293 shares of company stock worth $2,145,733 and have sold 53,851 shares worth $3,227,003. Company insiders own 7.60% of the company’s stock.

Institutional Trading of Greif

Several hedge funds have recently made changes to their positions in GEF. Fuller & Thaler Asset Management Inc. grew its position in Greif by 4.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company’s stock worth $68,797,000 after acquiring an additional 55,948 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Greif by 6.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after purchasing an additional 54,256 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Greif by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company’s stock valued at $32,805,000 after purchasing an additional 27,832 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Greif by 75.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock worth $31,352,000 after purchasing an additional 225,659 shares during the period. Finally, Medina Value Partners LLC increased its position in shares of Greif by 19.3% during the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after purchasing an additional 60,338 shares during the last quarter. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

About Greif

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.