Greif, Inc. (NYSE:GEF – Get Free Report) EVP Bala Sathyanarayanan sold 1,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $109.67, for a total transaction of $109,670.00. Following the sale, the executive vice president directly owned 7,549 shares in the company, valued at approximately $827,898.83. This trade represents a 11.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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
Greif stock opened at $85.35 on Thursday. The business has a fifty day moving average price of $79.76 and a 200-day moving average price of $72.16. Greif, Inc. has a one year low of $55.75 and a one year high of $90.57. The firm has a market capitalization of $3.94 billion, a P/E ratio of 26.76, a PEG ratio of 0.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99.
Greif Dividend Announcement
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 issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 17th. Greif’s payout ratio is presently 77.74%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on GEF shares. Weiss Ratings raised shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Wells Fargo & Company boosted their target price on Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Greif from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Bank of America lowered Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.00.
Check Out Our Latest Stock Analysis on GEF
Hedge Funds Weigh In On Greif
Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew 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 worth $42,000 after purchasing an additional 317 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Greif by 33.3% in the 4th 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 grew its position in shares of 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 buying an additional 1,482 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Greif in the 2nd quarter worth approximately $218,000. Finally, Man Group plc purchased a new position in shares of Greif during the fourth quarter valued at approximately $201,000. 45.74% of the stock is owned by 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.
See Also
- Five stocks we like better than Greif
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.
