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 stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $74.11, for a total value of $148,220.00. Following the completion of the transaction, the senior vice president directly owned 73,832 shares in the company, valued at $5,471,689.52. The trade was a 2.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, January 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $71.54, for a total transaction of $143,080.00.
• On Wednesday, December 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $64.98, for a total transaction of $129,960.00.

Greif Trading Up 0.8%

GEF opened at $75.76 on Thursday. The firm’s fifty day moving average is $70.47 and its two-hundred day moving average is $64.93. The firm has a market cap of $3.51 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 0.58 and a beta of 0.96. Greif, Inc. has a twelve month low of $48.23 and a twelve month high of $76.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23.

Greif (NYSE:GEF) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company earned $0.39 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Greif, Inc. will post 4.11 EPS for the current year.

Greif Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, December 18th. Greif’s dividend payout ratio (DPR) is presently 82.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GEF. Blue Trust Inc. increased its stake in shares of Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 176 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Greif in the fourth quarter valued at approximately $84,000. Simplex Trading LLC lifted its position in shares of Greif by 399.5% in the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,482 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Greif during the 2nd quarter worth approximately $214,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of Greif during the 2nd quarter worth approximately $216,000. Institutional investors own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GEF shares. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Truist Financial lifted their price objective on shares of Greif from $71.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Wells Fargo & Company increased their target price on shares of Greif from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Robert W. Baird set a $75.00 price objective on shares of Greif in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.50.

About Greif

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.