Insider Selling: Greif, Inc. (NYSE:GEF) Director Sells 6,000 Shares of Stock
Greif, Inc. (NYSE:GEF – Get Rating) Director Mark A. Emkes sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $62.40, for a total value of $374,400.00. Following the completion of the sale, the director now owns 34,326 shares in the company, valued at $2,141,942.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Greif stock traded down $0.43 during mid-day trading on Thursday, reaching $62.49. The company had a trading volume of 4,316 shares, compared to its average volume of 218,179. The company has a market cap of $3.04 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.83 and a beta of 0.99. The business has a fifty day simple moving average of $60.77 and a 200 day simple moving average of $60.26. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 1.16. Greif, Inc. has a fifty-two week low of $53.65 and a fifty-two week high of $72.00.
Greif (NYSE:GEF – Get Rating) last posted its quarterly earnings results on Wednesday, June 8th. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.70. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.51 billion. Greif had a net margin of 5.60% and a return on equity of 28.42%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share. Research analysts forecast that Greif, Inc. will post 7.63 EPS for the current year.
Slaving away for 70 hrs a week as a lawyer in Chicago, I was miserable.
I ran into guys who worked the trading floor at the local exchange. I began trading the same way they did. I started out with $50K (much more than I needed, actually).
I grew my $50K into $5.3M
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, June 16th. Greif’s payout ratio is 31.19%.
Several brokerages have commented on GEF. StockNews.com upgraded shares of Greif from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 22nd. BMO Capital Markets downgraded shares of Greif from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $71.00 to $52.00 in a research note on Friday, May 27th. Bank of America upgraded shares of Greif from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $74.00 to $77.00 in a research note on Friday, March 25th. Finally, Wells Fargo & Company raised their target price on shares of Greif from $71.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Greif currently has an average rating of “Moderate Buy” and an average price target of $65.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEF. UBS Asset Management Americas Inc. boosted its stake in Greif by 15.7% in the third quarter. UBS Asset Management Americas Inc. now owns 39,853 shares of the industrial products company’s stock valued at $2,575,000 after acquiring an additional 5,408 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Greif in the fourth quarter valued at about $30,000. Koshinski Asset Management Inc. boosted its stake in Greif by 52.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 1,780 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 615 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Greif by 214.9% during the 4th quarter. Retirement Systems of Alabama now owns 108,268 shares of the industrial products company’s stock valued at $6,536,000 after buying an additional 73,889 shares in the last quarter. Finally, Denali Advisors LLC lifted its stake in shares of Greif by 2.4% during the 4th quarter. Denali Advisors LLC now owns 69,294 shares of the industrial products company’s stock valued at $4,183,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 46.11% of the company’s stock.
Greif Company Profile (Get Rating)
Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Greif right now?
Before you consider Greif, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Greif wasn’t on the list.
While Greif currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
