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 Thursday, September 10th. The shares were sold at an average price of $83.14, for a total value of $166,280.00. Following the transaction, the senior vice president directly owned 53,832 shares in the company, valued at $4,475,592.48. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $87.06, for a total value of $174,120.00.
• On Monday, August 3rd, Timothy Bergwall sold 6,000 shares of Greif stock. The shares were sold at an average price of $85.26, for a total value of $511,560.00.
• On Friday, July 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $73.14, for a total value of $146,280.00.

Greif Price Performance

NYSE GEF opened at $81.65 on Tuesday. The company has a 50 day simple moving average of $82.62 and a 200-day simple moving average of $72.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 0.73 and a beta of 0.74. Greif, Inc. has a 52-week low of $55.75 and a 52-week high of $90.57.

Greif (NYSE:GEF) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.50. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Equities research analysts predict that Greif, Inc. will post 4.3 earnings per share for the current fiscal year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 17th. Greif’s payout ratio is currently 77.74%.

Institutional Trading of Greif

Large investors have recently made changes to their positions in the stock. EVR Research LP acquired a new position in Greif in the 4th quarter valued at $11,848,000. Wellington Management Group LLP increased its position in Greif by 35.0% during the second quarter. Wellington Management Group LLP now owns 246,492 shares of the industrial products company’s stock worth $18,361,000 after acquiring an additional 63,843 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Greif during the 1st quarter valued at $1,853,000. Engineers Gate Manager LP raised its stake in Greif by 362.2% during the 2nd quarter. Engineers Gate Manager LP now owns 31,706 shares of the industrial products company’s stock valued at $2,362,000 after purchasing an additional 24,846 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Greif by 631.5% in 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 during the period. Institutional investors own 45.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GEF shares. Bank of America cut Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Tuesday, July 14th. Truist Financial reaffirmed a “hold” rating and set a $97.00 price target (up from $78.00) on shares of Greif in a research note on Tuesday, August 4th. Wells Fargo & Company lifted their price target on Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Weiss Ratings raised Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded Greif from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Greif currently has an average rating of “Hold” and a consensus target price of $83.00.

Greif Company Profile

Greif, Inc (NYSE: GEF) is a global packaging company that produces and sells industrial packaging products and paper-based packaging materials. Its offerings include fiber, steel and plastic drums; intermediate bulk containers; containerboard and corrugated products; paperboard tubes and cores; and related closure systems and services.

The company serves customers in industries such as chemicals, food and beverage, agriculture, pharmaceuticals, petroleum, and other industrial markets. Greif’s packaging products are designed to help customers transport, protect and store bulk materials, while its paper and corrugated products support a broad range of commercial and industrial applications.

Greif traces its history to 1877, when it was founded as a cooperage business in Cleveland, Ohio.