Brokerages Set Greif, Inc. (NYSE:GEF) PT at $75.25

Shares of Greif, Inc. (NYSE:GEF) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $75.25.

Several equities research analysts have weighed in on GEF shares. Truist Financial boosted their price objective on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Robert W. Baird set a $75.00 target price on Greif in a report on Thursday, January 29th. Wells Fargo & Company boosted their target price on Greif from $73.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Insiders Place Their Bets

In other news, SVP Gaylord Benner sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $75.58, for a total value of $211,624.00. Following the completion of the sale, the senior vice president owned 7,163 shares in the company, valued at approximately $541,379.54. This trade represents a 28.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $67.49, for a total transaction of $134,980.00. Following the transaction, the senior vice president directly owned 71,832 shares of the company’s stock, valued at approximately $4,847,941.68. This represents a 2.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 22,252 shares of company stock valued at $1,971,735 and have sold 54,211 shares valued at $3,950,846. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in shares of Greif by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company’s stock worth $60,872,000 after buying an additional 3,793 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Greif by 10.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after acquiring an additional 79,813 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Greif by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 567,333 shares of the industrial products company’s stock valued at $38,408,000 after acquiring an additional 1,455 shares during the period. Ameriprise Financial Inc. boosted its holdings in Greif by 75.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock valued at $31,352,000 after acquiring an additional 225,659 shares during the period. Finally, Medina Value Partners LLC grew 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 during the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Greif Price Performance

GEF stock opened at $67.35 on Wednesday. Greif has a 52 week low of $48.23 and a 52 week high of $77.14. The firm has a market capitalization of $3.12 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. The company has a fifty day simple moving average of $72.25 and a two-hundred day simple moving average of $65.90. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.23.

Greif (NYSE:GEF) last posted its earnings results 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 return on equity of 8.46% and a net margin of 7.52%.The business had revenue of $994.80 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts anticipate that Greif will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, March 16th. This represents a $2.24 dividend on an annualized basis and a yield of 3.3%. Greif’s payout ratio is 82.96%.

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.