Greif, Inc. (NYSE:GEF) Given Average Rating of “Hold” by Analysts

Greif, Inc. (NYSE:GEF) has been given a consensus rating of “Hold” by the five analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $73.75.

Several research firms have recently commented on GEF. Truist Financial raised their price objective on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Robert W. Baird set a $75.00 price target on shares of Greif in a research report on Thursday, January 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, March 20th.

Greif Trading Down 0.4%

Shares of GEF stock opened at $66.73 on Friday. Greif has a 1 year low of $48.23 and a 1 year high of $77.14. The firm has a fifty day moving average price of $70.64 and a 200-day moving average price of $66.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.23 and a quick ratio of 0.93. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 0.51 and a beta of 0.92.

Greif (NYSE:GEF) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). The company had revenue of $994.80 million during the quarter, compared to the consensus estimate of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.Greif’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, equities analysts predict that Greif will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.24 annualized dividend and a yield of 3.4%. Greif’s dividend payout ratio is currently 82.96%.

Insider Buying and Selling at Greif

In related news, EVP Bala Sathyanarayanan sold 2,731 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.67, for a total value of $209,385.77. Following the transaction, the executive vice president directly owned 34,076 shares of the company’s stock, valued at approximately $2,612,606.92. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew B. Leahy sold 1,300 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $73.82, for a total value of $95,966.00. Following the completion of the sale, the senior vice president owned 2,739 shares in the company, valued at $202,192.98. This represents a 32.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 22,252 shares of company stock valued at $1,971,735 and sold 54,211 shares valued at $3,950,846. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GEF. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 valued at $42,000 after acquiring an additional 317 shares during the period. Blue Trust Inc. boosted its stake in shares of Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 176 shares during the period. 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 purchasing an additional 172 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Greif during the 4th quarter valued at about $84,000. Finally, Simplex Trading LLC raised its position in Greif by 399.5% in the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,482 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.

Greif Company Profile

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.