Anthony John Krabill Buys 745 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEFGet Free Report) Treasurer Anthony John Krabill acquired 745 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $63.12 per share, for a total transaction of $47,024.40. Following the completion of the acquisition, the treasurer now directly owns 1,651 shares of the company’s stock, valued at $104,211.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greif Trading Up 1.0 %

NYSE GEF opened at $63.66 on Friday. The company has a market capitalization of $3.00 billion, a PE ratio of 11.01, a P/E/G ratio of 1.73 and a beta of 0.86. The company has a fifty day moving average of $63.21 and a 200 day moving average of $65.38. Greif, Inc. has a 1 year low of $57.38 and a 1 year high of $76.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.16.

Greif (NYSE:GEFGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $1.07. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. Greif had a net margin of 6.53% and a return on equity of 18.65%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Research analysts forecast that Greif, Inc. will post 3.67 earnings per share for the current year.

Greif Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a $0.52 dividend. The ex-dividend date is Friday, March 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.27%. Greif’s dividend payout ratio (DPR) is currently 35.99%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GEF. Norges Bank acquired a new position in shares of Greif in the fourth quarter worth about $16,669,000. Retirement Systems of Alabama raised its position in shares of Greif by 318.7% in the fourth quarter. Retirement Systems of Alabama now owns 133,169 shares of the industrial products company’s stock worth $8,735,000 after acquiring an additional 101,363 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Greif during the 4th quarter worth about $2,943,000. DekaBank Deutsche Girozentrale raised its position in shares of Greif by 121.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 69,664 shares of the industrial products company’s stock worth $4,540,000 after purchasing an additional 38,260 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Greif by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 78,654 shares of the industrial products company’s stock worth $5,159,000 after purchasing an additional 38,229 shares during the last quarter. Institutional investors and hedge funds own 45.98% of the company’s stock.

Analyst Upgrades and Downgrades

GEF has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of Greif from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $64.00 to $75.00 in a report on Thursday, January 11th. StockNews.com upgraded shares of Greif from a “hold” rating to a “buy” rating in a research report on Monday, January 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $94.00 target price on shares of Greif in a research report on Thursday, December 7th.

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About Greif

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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.

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