Greif, Inc. (NYSE:GEF) CFO Purchases $116,472.00 in Stock

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.

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Tuesday, June 18th were given a dividend of $0.44 per share. The ex-dividend date was Monday, June 17th. This represents a $1.76 annualized dividend and a dividend yield of 5.27%. Greif’s dividend payout ratio is currently 49.86%.

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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Insider Buying and Selling by Quarter for Greif (NYSE:GEF)

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