Greif (NYSE:GEF) SVP Timothy Bergwall Sells 2,000 Shares of Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president directly owned 62,678 shares in the company, valued at approximately $3,760,680. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Timothy Bergwall also recently made the following trade(s):

• On Tuesday, October 21st, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $60.09, for a total transaction of $120,180.00.
• On Wednesday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $60.55, for a total transaction of $121,100.00.

Greif Price Performance

Shares of NYSE:GEF traded down $0.65 during trading on Friday, reaching $60.79. 70,333 shares of the company’s stock traded hands, compared to its average volume of 189,082. The company has a 50-day simple moving average of $59.45 and a 200-day simple moving average of $61.52. Greif, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $73.16. The firm has a market cap of $2.89 billion, a PE ratio of 19.31, a P/E/G ratio of 2.24 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.41 and a debt-to-equity ratio of 1.00.

Greif (NYSE:GEF) last released its earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.22. Greif had a return on equity of 10.09% and a net margin of 3.52%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $740.23 million. During the same quarter last year, the business posted $1.03 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. This is a boost from Greif’s previous quarterly dividend of $0.54. Greif’s payout ratio is presently 71.11%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greif in a research report on Wednesday, October 8th. Bank of America reduced their price target on shares of Greif from $77.00 to $71.00 and set a “neutral” rating on the stock in a report on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on shares of Greif from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. Finally, Truist Financial dropped their target price on shares of Greif from $72.00 to $71.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Greif presently has an average rating of “Hold” and a consensus target price of $74.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC acquired a new stake in Greif during the first quarter valued at approximately $37,000. Blue Trust Inc. lifted its position in Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 176 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Greif during the second quarter worth $214,000. Neuberger Berman Group LLC bought a new stake in Greif in the 2nd quarter valued at $216,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Greif in the second quarter valued at about $227,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

About Greif

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.