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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $67.49, for a total transaction of $134,980.00. Following the sale, 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. The sale 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, February 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $74.11, for a total transaction of $148,220.00.
• 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.

Greif Trading Down 1.2%

Shares of GEF stock opened at $66.92 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.23 and a quick ratio of 0.93. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 0.52 and a beta of 0.95. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $77.14. The firm has a fifty day moving average price of $72.27 and a 200-day moving average price of $65.89.

Greif (NYSE:GEF) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.21). Greif had a net margin of 7.52% and a return on equity of 8.46%. The company had revenue of $994.80 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.39 earnings per share. Greif’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on GEF. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Truist Financial increased their price objective on shares of Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Robert W. Baird set a $75.00 target price on shares of Greif in a research note on Thursday, January 29th. Finally, Wells Fargo & Company upped their target price on shares of Greif from $73.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEF. Blue Trust Inc. grew its holdings 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 buying an additional 176 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Greif by 106.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after buying an additional 317 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Greif during the fourth quarter worth $84,000. Simplex Trading LLC boosted its position in shares of Greif by 399.5% during the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Man Group plc purchased a new position in Greif during the fourth quarter valued at $201,000. 45.74% of the stock is currently owned by institutional investors.

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.