Greif, Inc. (GEF) VP Hari K. Kumar Purchases 4,501 Shares

Greif, Inc. (NYSE:GEF) VP Hari K. Kumar bought 4,501 shares of Greif stock in a transaction dated Wednesday, January 9th. The shares were bought at an average cost of $38.87 per share, with a total value of $174,953.87. Following the completion of the transaction, the vice president now directly owns 6,145 shares in the company, valued at $238,856.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

GEF opened at $39.51 on Friday. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.56. Greif, Inc. has a 12 month low of $31.80 and a 12 month high of $62.81. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.77.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, December 5th. The industrial products company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.11). The business had revenue of $987.70 million during the quarter, compared to the consensus estimate of $1.02 billion. Greif had a return on equity of 18.24% and a net margin of 5.41%. On average, equities analysts expect that Greif, Inc. will post 3.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 1st. Investors of record on Tuesday, December 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Monday, December 17th. Greif’s dividend payout ratio (DPR) is presently 49.86%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. bought a new position in Greif in the 3rd quarter valued at $17,584,000. Marshall Wace LLP boosted its holdings in Greif by 3,124.9% in the 3rd quarter. Marshall Wace LLP now owns 313,334 shares of the industrial products company’s stock valued at $16,814,000 after purchasing an additional 303,618 shares during the period. Pictet Asset Management Ltd. boosted its holdings in Greif by 36.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 433,170 shares of the industrial products company’s stock valued at $23,244,000 after purchasing an additional 116,519 shares during the period. AQR Capital Management LLC boosted its holdings in Greif by 61.7% in the 3rd quarter. AQR Capital Management LLC now owns 262,223 shares of the industrial products company’s stock valued at $14,071,000 after purchasing an additional 100,047 shares during the period. Finally, Investment Counselors of Maryland LLC boosted its holdings in Greif by 27.3% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 410,559 shares of the industrial products company’s stock valued at $22,031,000 after purchasing an additional 87,942 shares during the period. 47.72% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Greif from $55.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, December 21st. Zacks Investment Research reissued a “hold” rating on shares of Greif in a research report on Tuesday, November 13th. BMO Capital Markets downgraded shares of Greif from an “outperform” rating to an “underperform” rating and set a $34.25 target price for the company. in a research report on Thursday, December 20th. Wells Fargo & Co downgraded shares of Greif from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $53.00 to $36.00 in a research report on Thursday, December 20th. Finally, ValuEngine raised shares of Greif from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 1st. Five analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has an average rating of “Sell” and an average target price of $43.21.

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About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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