Greif (NYSE:GEF) SVP Timothy Bergwall Sells 6,000 Shares

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 6,000 shares of Greif stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $85.26, for a total transaction of $511,560.00. Following the completion of the transaction, the senior vice president directly owned 57,832 shares of the company’s stock, valued at $4,930,756.32. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, July 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $73.14, for a total value of $146,280.00.
• On Wednesday, June 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $65.26, for a total value of $130,520.00.
• On Monday, May 11th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $67.66, for a total value of $135,320.00.

Greif Stock Up 0.6%

NYSE GEF opened at $89.84 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. Greif, Inc. has a 52 week low of $55.75 and a 52 week high of $90.57. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 0.90 and a beta of 0.75. The company has a fifty day moving average of $73.25 and a two-hundred day moving average of $70.57.

Greif (NYSE:GEF) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.50. Greif had a net margin of 7.53% and a return on equity of 8.09%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Greif, Inc. will post 4.06 earnings per share for the current year.

Greif Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th were paid a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This is an increase from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a yield of 2.8%. Greif’s payout ratio is 95.02%.

Hedge Funds Weigh In On Greif

A number of institutional investors have recently modified their holdings of GEF. Deprince Race & Zollo Inc. grew its stake in Greif by 10.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after purchasing an additional 79,813 shares in the last quarter. New Age Alpha Advisors LLC raised its position in Greif by 631.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 26,043 shares of the industrial products company’s stock valued at $1,763,000 after purchasing an additional 22,483 shares in the last quarter. Wesbanco Bank Inc. raised its position in Greif by 91.5% during the 4th quarter. Wesbanco Bank Inc. now owns 18,839 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 9,000 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Greif in the 1st quarter worth $871,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Greif during the 1st quarter worth $1,853,000. 45.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEF has been the topic of a number of analyst reports. Bank of America cut Greif from a “neutral” rating to an “underperform” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 14th. Truist Financial reissued a “hold” rating and set a $97.00 price target (up from $78.00) on shares of Greif in a research note on Tuesday. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Wells Fargo & Company upped their price objective on Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.00.

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.