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

Greif, Inc. (NYSE:GEF) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $72.50.

Several equities research analysts have weighed in on GEF shares. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wells Fargo & Company reissued an “equal weight” rating and set a $72.00 price objective (up from $68.00) on shares of Greif in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Greif in a report on Wednesday, October 8th. Finally, Truist Financial increased their price objective on shares of Greif from $71.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday, January 6th.

Insiders Place Their Bets

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $71.54, for a total transaction of $143,080.00. Following the sale, the senior vice president owned 58,678 shares of the company’s stock, valued at approximately $4,197,824.12. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ole G. Rosgaard sold 9,733 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $70.24, for a total transaction of $683,645.92. Following the completion of the transaction, the chief executive officer owned 64,707 shares of the company’s stock, valued at approximately $4,545,019.68. The trade was a 13.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 32,293 shares of company stock worth $2,145,733 and sold 70,584 shares worth $4,408,749. Corporate insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Greif

Several hedge funds and other institutional investors have recently bought and sold shares of GEF. Deprince Race & Zollo Inc. boosted its stake in Greif by 10.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock valued at $56,715,000 after acquiring an additional 79,813 shares in the last quarter. Personal CFO Solutions LLC purchased a new stake in shares of Greif in the 4th quarter valued at about $244,000. Wedge Capital Management L L P NC lifted its holdings in shares of Greif by 2.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 23,900 shares of the industrial products company’s stock valued at $1,618,000 after purchasing an additional 464 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Greif in the 4th quarter valued at about $84,000. Finally, Dark Forest Capital Management LP grew its stake in Greif by 30.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 44,390 shares of the industrial products company’s stock worth $2,653,000 after buying an additional 10,444 shares during the last quarter. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Greif Stock Down 0.3%

Greif stock opened at $71.93 on Tuesday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.53 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. Greif has a twelve month low of $48.23 and a twelve month high of $72.50. The stock’s fifty day simple moving average is $67.95 and its 200-day simple moving average is $64.32.

Greif Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, December 18th were issued a $0.56 dividend. The ex-dividend date was Thursday, December 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. Greif’s dividend payout ratio is presently 71.11%.

Greif Company Profile

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.