Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall purchased 500 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of $33.55 per share, for a total transaction of $16,775.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
GEF stock traded up $0.98 during trading hours on Friday, hitting $34.55. The company’s stock had a trading volume of 386,920 shares, compared to its average volume of 256,249. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.67 and a quick ratio of 1.15. The stock has a market cap of $1.62 billion, a P/E ratio of 9.79, a PEG ratio of 1.01 and a beta of 1.36. Greif, Inc. has a 12 month low of $30.12 and a 12 month high of $59.00. The stock has a 50 day moving average of $34.24.
Greif (NYSE:GEF) last posted its earnings results on Wednesday, June 5th. The industrial products company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.24 billion. Greif had a net margin of 3.68% and a return on equity of 19.11%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. On average, analysts predict that Greif, Inc. will post 3.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.09%. The ex-dividend date was Monday, June 17th. Greif’s dividend payout ratio is 49.86%.
A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of Hooker Furniture from a “b-” rating to a “c+” rating in a report on Friday, June 14th. Zacks Investment Research raised shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Thursday, May 30th. Bank of America set a $80.00 price objective on shares of Canopy Growth and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Wells Fargo & Co set a $40.00 price objective on shares of Greif and gave the company a “hold” rating in a research report on Friday, June 7th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Sell” and an average price target of $36.88.
A number of hedge funds have recently bought and sold shares of GEF. Quantamental Technologies LLC bought a new stake in Greif in the first quarter worth approximately $122,000. Denali Advisors LLC bought a new stake in Greif in the second quarter worth approximately $199,000. Mercer Global Advisors Inc. ADV bought a new stake in Greif in the first quarter worth approximately $206,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Greif during the 4th quarter worth $225,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Greif by 5.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 6,591 shares of the industrial products company’s stock worth $245,000 after buying an additional 345 shares during the period. 47.74% of the stock is owned by institutional investors.
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.
Further Reading: Are sell-side analysts objective?
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.