Greif, Inc. (NYSE:GEF) Receives Average Recommendation of “Hold” from Analysts

Greif, Inc. (NYSE:GEF) has been given an average recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $69.50.

GEF has been the subject of several research reports. Bank of America cut their price objective on shares of Greif from $77.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Greif in a research report on Wednesday, October 8th. Truist Financial decreased their price target on shares of Greif from $72.00 to $71.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. Finally, Wells Fargo & Company raised their price target on shares of Greif from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th.

Greif Stock Performance

Shares of GEF stock opened at $65.63 on Monday. Greif has a 52 week low of $48.23 and a 52 week high of $72.01. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.24 and a beta of 1.04. The company has a 50-day simple moving average of $59.87 and a 200 day simple moving average of $62.27. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.41.

Insider Transactions at Greif

In other news, CFO Lawrence A. Hilsheimer sold 33,851 shares of Greif stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $59.58, for a total value of $2,016,842.58. Following the completion of the sale, the chief financial officer directly owned 66,826 shares in the company, valued at approximately $3,981,493.08. The trade was a 33.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the senior vice president owned 62,678 shares of the company’s stock, valued at approximately $3,760,680. The trade was a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 32,293 shares of company stock valued at $2,145,733 and have sold 53,851 shares valued at $3,227,003. Insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On Greif

Hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its holdings in Greif by 4.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company’s stock valued at $68,797,000 after acquiring an additional 55,948 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Greif by 6.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after buying an additional 54,256 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Greif by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company’s stock worth $32,805,000 after purchasing an additional 27,832 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Greif by 75.5% in the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock valued at $31,352,000 after buying an additional 225,659 shares in the last quarter. Finally, Medina Value Partners LLC lifted its position in Greif by 19.3% in the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after acquiring an additional 60,338 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

About Greif

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.