Greif, Inc. (NYSE:GEF) CFO Lawrence A. Hilsheimer bought 3,450 shares of the stock in a transaction on Friday, July 5th. The shares were acquired at an average price of $33.76 per share, with a total value of $116,472.00. Following the purchase, the chief financial officer now owns 108,090 shares of the company’s stock, valued at $3,649,118.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Greif stock opened at $33.40 on Thursday. The business’s 50-day moving average price is $34.31. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.03 and a beta of 1.37. The company has a quick ratio of 1.15, a current ratio of 1.67 and a debt-to-equity ratio of 2.51. Greif, Inc. has a one year low of $30.12 and a one year high of $59.00.
Greif (NYSE:GEF) last released its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.24 billion. Greif had a net margin of 3.68% and a return on equity of 19.11%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. As a group, research analysts expect that Greif, Inc. will post 3.8 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in GEF. Quantamental Technologies LLC acquired a new stake in Greif in the 1st quarter valued at about $122,000. Mercer Global Advisors Inc. ADV acquired a new stake in Greif in the 1st quarter valued at about $206,000. Municipal Employees Retirement System of Michigan acquired a new stake in Greif in the 4th quarter valued at about $225,000. Denali Advisors LLC acquired a new stake in Greif in the 2nd quarter valued at about $199,000. Finally, Thrivent Financial for Lutherans lifted its holdings in Greif by 5.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 6,591 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 47.74% of the company’s stock.
Several analysts have weighed in on the stock. TheStreet lowered shares of Hooker Furniture from a “b-” rating to a “c+” rating in a research note on Friday, June 14th. Bank of America set a $80.00 target price on shares of Canopy Growth and gave the company a “buy” rating in a research note on Friday, June 7th. Wells Fargo & Co set a $40.00 target price on shares of Greif and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research upgraded shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Thursday, May 30th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Sell” and a consensus price target of $36.88.
Greif Company Profile
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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