Bala Sathyanarayanan Sells 1,000 Shares of Greif (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan sold 1,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $109.67, for a total value of $109,670.00. Following the transaction, the executive vice president directly owned 7,549 shares in the company, valued at approximately $827,898.83. This represents a 11.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bala Sathyanarayanan also recently made the following trade(s):

• On Friday, August 7th, Bala Sathyanarayanan sold 1,146 shares of Greif stock. The shares were sold at an average price of $88.60, for a total value of $101,535.60.

Greif Trading Down 0.6%

Shares of GEF stock traded down $0.55 on Tuesday, reaching $85.44. 46,958 shares of the stock were exchanged, compared to its average volume of 229,998. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. Greif, Inc. has a one year low of $55.75 and a one year high of $90.57. The stock has a market cap of $3.94 billion, a PE ratio of 26.79, a P/E/G ratio of 0.84 and a beta of 0.75. The stock has a 50 day moving average price of $79.18 and a 200 day moving average price of $72.02.

Greif (NYSE:GEF) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.50. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. Equities research analysts forecast that Greif, Inc. will post 4.3 EPS for the current fiscal year.

Greif Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a dividend of $0.62 per share. This is a positive change from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, June 17th. Greif’s payout ratio is 77.74%.

Analyst Upgrades and Downgrades

GEF has been the topic of a number of research reports. Bank of America lowered Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target on the stock. in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Greif from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Truist Financial reissued a “hold” rating and set a $97.00 target price (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Greif currently has a consensus rating of “Hold” and an average target price of $83.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Odyssean LLC increased its holdings in Greif by 500.8% during the 2nd quarter. Odyssean LLC now owns 18,506 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 15,426 shares during the period. AXQ Capital LP lifted its stake in shares of Greif by 21.3% in the 2nd quarter. AXQ Capital LP now owns 4,487 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 789 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Greif during the 2nd quarter valued at $218,000. Wellington Management Group LLP raised its position in Greif by 35.0% during the 2nd quarter. Wellington Management Group LLP now owns 246,492 shares of the industrial products company’s stock valued at $18,361,000 after purchasing an additional 63,843 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of Greif during the 2nd quarter valued at about $401,000. Institutional investors own 45.74% of the company’s stock.

About Greif

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.