Insider Selling: Greif (NYSE:GEF) EVP Sells 2,731 Shares of Stock

Greif, Inc. (NYSE:GEF) EVP Bala Sathyanarayanan sold 2,731 shares of Greif stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.67, for a total transaction of $209,385.77. Following the sale, the executive vice president directly owned 34,076 shares of the company’s stock, valued at $2,612,606.92. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, February 9th, Bala Sathyanarayanan acquired 1,819 shares of Greif stock. The shares were purchased at an average price of $87.22 per share, with a total value of $158,653.18.
• On Thursday, February 5th, Bala Sathyanarayanan acquired 1,811 shares of Greif stock. The shares were purchased at an average cost of $88.10 per share, with a total value of $159,549.10.
• On Thursday, February 5th, Bala Sathyanarayanan sold 10,838 shares of Greif stock. The shares were sold at an average price of $74.90, for a total value of $811,766.20.
• On Tuesday, February 3rd, Bala Sathyanarayanan sold 2,499 shares of Greif stock. The shares were sold at an average price of $72.29, for a total value of $180,652.71.
• On Tuesday, February 3rd, Bala Sathyanarayanan acquired 100 shares of Greif stock. The stock was purchased at an average price of $87.69 per share, for a total transaction of $8,769.00.
• On Wednesday, February 4th, Bala Sathyanarayanan bought 200 shares of Greif stock. The stock was acquired at an average cost of $89.22 per share, with a total value of $17,844.00.
• On Wednesday, December 10th, Bala Sathyanarayanan sold 7,000 shares of Greif stock. The shares were sold at an average price of $66.62, for a total transaction of $466,340.00.

Greif Stock Down 0.7%

NYSE GEF traded down $0.52 during trading on Tuesday, hitting $76.30. 112,337 shares of the company traded hands, compared to its average volume of 214,549. The company has a market capitalization of $3.53 billion, a P/E ratio of 28.27, a PEG ratio of 0.59 and a beta of 0.96. The business has a fifty day simple moving average of $71.15 and a 200 day simple moving average of $65.20. Greif, Inc. has a 12 month low of $48.23 and a 12 month high of $77.14. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). Greif had a net margin of 7.52% and a return on equity of 8.46%. The company had revenue of $994.80 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, December 18th. Greif’s payout ratio is currently 82.96%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Robert W. Baird set a $75.00 price target on shares of Greif in a research note on Thursday, January 29th. Wells Fargo & Company raised their price objective on shares of Greif from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Truist Financial upped their price objective on Greif from $71.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Finally, Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.50.

Institutional Investors Weigh In On Greif

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in 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 during the period. AXA S.A. bought a new stake in Greif in the second quarter valued at about $9,052,000. Cubist Systematic Strategies LLC acquired a new position in Greif in the second quarter valued at about $6,052,000. Deprince Race & Zollo Inc. boosted its holdings in Greif by 10.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after buying an additional 79,813 shares during the last quarter. Finally, Medina Value Partners LLC grew its position in shares of Greif by 19.3% during the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock worth $22,246,000 after buying an additional 60,338 shares during the period. Institutional investors and hedge funds 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.