Ole G. Rosgaard Sells 19,248 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF) CEO Ole G. Rosgaard sold 19,248 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $70.00, for a total value of $1,347,360.00. Following the completion of the sale, the chief executive officer directly owned 78,216 shares in the company, valued at approximately $5,475,120. The trade was a 19.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Greif Price Performance

Shares of NYSE:GEF opened at $69.73 on Friday. The business has a fifty day simple moving average of $59.33 and a 200-day simple moving average of $58.34. Greif, Inc. has a 52 week low of $48.23 and a 52 week high of $73.16. The company has a market cap of $3.31 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.72 and a beta of 0.99. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07.

Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11. Greif had a net margin of 3.74% and a return on equity of 10.21%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company’s revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, June 17th. Greif’s dividend payout ratio is currently 60.85%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Greif from $75.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 3rd. Truist Financial decreased their price target on shares of Greif from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.17.

Institutional Trading of Greif

Several institutional investors have recently made changes to their positions in GEF. Principal Financial Group Inc. raised its position in shares of Greif by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 69,900 shares of the industrial products company’s stock worth $4,272,000 after buying an additional 653 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Greif by 5.6% in the 4th quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 211 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Greif by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company’s stock valued at $34,760,000 after purchasing an additional 44,088 shares in the last quarter. Moran Wealth Management LLC acquired a new position in shares of Greif in the 4th quarter valued at about $2,594,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Greif by 31.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,452 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 1,320 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.

Greif Company Profile

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.