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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $81.82, for a total value of $163,640.00. Following the completion of the sale, the senior vice president owned 51,832 shares of the company’s stock, valued at $4,240,894.24. The trade was a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Thursday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $83.14, for a total value of $166,280.00.
• 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 transaction of $511,560.00.

Greif Trading Up 2.4%

GEF stock opened at $79.94 on Friday. The company has a market capitalization of $3.69 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 0.60 and a beta of 0.77. Greif, Inc. has a one year low of $55.75 and a one year high of $90.57. The company’s 50 day moving average price is $83.77 and its two-hundred day moving average price is $75.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29.

Greif (NYSE:GEF) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. Greif had a net margin of 7.53% and a return on equity of 8.09%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $0.86 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Greif, Inc. will post 4.32 earnings per share for the current fiscal year.

Greif Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $2.48 annualized dividend and a yield of 3.1%. Greif’s payout ratio is currently 77.74%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GEF. Weiss Ratings upgraded shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Truist Financial reduced their price objective on Greif from $97.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday. Wells Fargo & Company lifted their price objective on Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Bank of America downgraded Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a report on Tuesday, July 14th. Finally, Wall Street Zen raised Greif from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Greif has a consensus rating of “Hold” and an average price target of $82.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in Greif by 12.1% during the 2nd quarter. QRG Capital Management Inc. now owns 8,015 shares of the industrial products company’s stock valued at $597,000 after buying an additional 862 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Greif by 18.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,021 shares of the industrial products company’s stock valued at $1,566,000 after buying an additional 3,304 shares during the period. Engineers Gate Manager LP boosted its position 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 buying an additional 24,846 shares during the period. Squarepoint Ops LLC grew its holdings in Greif by 29.1% in the 2nd quarter. Squarepoint Ops LLC now owns 36,906 shares of the industrial products company’s stock worth $2,749,000 after acquiring an additional 8,322 shares during the last quarter. Finally, Odyssean LLC grew its holdings in Greif by 500.8% in the 2nd quarter. Odyssean LLC now owns 18,506 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 15,426 shares during the last quarter. Institutional investors own 45.74% of the company’s stock.

Greif Company Profile

Greif, Inc (NYSE: GEF) is a global producer of industrial packaging and paper-based products. The company manufactures and sells steel, plastic and fiber drums; rigid intermediate bulk containers; containerboard; corrugated sheets and products; and other packaging solutions used to transport and protect goods.

Greif serves customers across industries including food and beverage, chemicals, agriculture, pharmaceuticals, industrial manufacturing and consumer products. Its operations span North America, Europe and other international markets, supporting customers through a network of manufacturing, recycling and distribution facilities.

Founded in 1877, Greif has expanded from a paper and timber business into a diversified packaging company.