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 firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $72.52, for a total transaction of $145,040.00. Following the transaction, the senior vice president owned 49,832 shares of the company’s stock, valued at $3,613,816.64. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $81.82, for a total transaction of $163,640.00.
• On Thursday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $83.14, for a total transaction of $166,280.00.

Greif Stock Down 1.6%

GEF stock opened at $71.36 on Friday. The company’s 50 day simple moving average is $80.91 and its 200-day simple moving average is $74.70. The firm has a market capitalization of $3.29 billion, a PE ratio of 16.11, a P/E/G ratio of 0.57 and a beta of 0.79. Greif, Inc. has a 12 month low of $59.91 and a 12 month high of $90.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.33 and a quick ratio of 1.02.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.25). Greif had a return on equity of 7.78% and a net margin of 5.91%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts expect that Greif, Inc. will post 4.59 earnings per share for the current fiscal year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Thursday, December 17th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $2.48 annualized dividend and a yield of 3.5%. Greif’s dividend payout ratio (DPR) is presently 55.98%.

Institutional Investors Weigh In On Greif

Several hedge funds have recently made changes to their positions in GEF. Ieq Capital LLC purchased a new stake in shares of Greif in the third quarter valued at $1,533,000. Focus Advisor Solutions LLC acquired a new position in Greif in the third quarter valued at $326,000. Edgestream Partners L.P. acquired a new position in Greif in the third quarter valued at $412,000. Intech Investment Management LLC lifted its position in Greif by 267.0% during the third quarter. Intech Investment Management LLC now owns 20,298 shares of the industrial products company’s stock worth $1,616,000 after buying an additional 14,767 shares during the period. Finally, Lido Advisors LLC purchased a new position in Greif during the third quarter worth about $227,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GEF. Truist Financial reissued a “hold” rating and issued a $88.00 price target (down from $94.00) on shares of Greif in a report on Thursday, November 5th. Wall Street Zen cut Greif from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Wells Fargo & Company dropped their price objective on Greif from $90.00 to $88.00 and set a “cautious” rating for the company in a research report on Monday, October 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Greif in a research note on Friday, October 30th. Finally, Raymond James Financial upgraded shares of Greif from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.20.

Greif Company Profile

Greif, Inc. is a global industrial packaging company that makes products used to store and transport goods. Its offerings include steel, plastic and fiber drums, intermediate bulk containers, jerrycans and other rigid packaging, as well as reconditioned containers and related services. The company also provides packaging accessories and services such as container filling, supply-chain support and packaging design. Greif serves customers in industries including chemicals, food and beverage, petroleum and pharmaceuticals.