Greif (NYSE:GEF) CEO Ole Rosgaard Sells 40,087 Shares of Stock

Greif, Inc. (NYSE:GEF) CEO Ole Rosgaard sold 40,087 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $86.68, for a total value of $3,474,741.16. Following the completion of the transaction, the chief executive officer directly owned 88,267 shares in the company, valued at $7,650,983.56. The trade was a 31.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Greif Stock Performance

NYSE:GEF opened at $89.28 on Wednesday. The stock has a market cap of $4.12 billion, a P/E ratio of 34.21, a PEG ratio of 0.88 and a beta of 0.75. The stock has a 50 day simple moving average of $72.73 and a 200 day simple moving average of $70.44. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. Greif, Inc. has a 1-year low of $55.75 and a 1-year high of $89.62.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.50. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Research analysts anticipate that Greif, Inc. will post 4.06 earnings per share for the current year.

Greif Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. This is an increase from Greif’s previous quarterly dividend of $0.56. Greif’s payout ratio is presently 95.02%.

Hedge Funds Weigh In On Greif

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Greif by 106.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 317 shares during the period. Rockefeller Capital Management L.P. increased its stake in Greif by 33.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 172 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Greif during the fourth quarter valued at approximately $84,000. Simplex Trading LLC raised its position in Greif by 399.5% during the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in Greif during the first quarter worth $201,000. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. Truist Financial reissued a “hold” rating and set a $97.00 price target (up from $78.00) on shares of Greif in a research report on Tuesday. Wells Fargo & Company raised their price objective on Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Bank of America cut Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Greif currently has a consensus rating of “Hold” and an average price target of $83.00.

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.