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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $74.11, for a total value of $148,220.00. Following the completion of the transaction, the senior vice president owned 73,832 shares in the company, valued at $5,471,689.52. The trade was a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $71.54, for a total value of $143,080.00.
• On Wednesday, December 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $64.98, for a total value of $129,960.00.

Greif Price Performance

NYSE GEF opened at $76.20 on Friday. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $76.60. The stock’s 50-day moving average price is $70.69 and its two-hundred day moving average price is $65.01. The company has a market cap of $3.53 billion, a PE ratio of 28.22, a PEG ratio of 0.58 and a beta of 0.96. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23.

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). The firm had revenue of $994.80 million during the quarter, compared to analysts’ expectations of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.The business’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, analysts predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, December 18th were issued a $0.56 dividend. The ex-dividend date was Thursday, December 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. Greif’s dividend payout ratio is presently 82.96%.

Hedge Funds Weigh In On Greif

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in Greif by 36.2% in the third quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 176 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Greif by 4.3% in the fourth quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 235 shares in the last quarter. American Century Companies Inc. boosted its holdings in Greif by 1.3% in the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after purchasing an additional 280 shares in the last quarter. Bank of Montreal Can increased its position in Greif by 5.5% during the second quarter. Bank of Montreal Can now owns 6,002 shares of the industrial products company’s stock worth $390,000 after buying an additional 314 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Greif by 1.4% during the second quarter. Retirement Systems of Alabama now owns 31,906 shares of the industrial products company’s stock valued at $2,074,000 after buying an additional 444 shares in the last quarter. Institutional investors own 45.74% of the company’s stock.

Wall Street Analysts Forecast Growth

GEF has been the subject of several research analyst reports. Truist Financial increased their price objective on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Robert W. Baird set a $75.00 price target on shares of Greif in a report on Thursday, January 29th. Wall Street Zen raised shares of Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Wells Fargo & Company increased their target price on shares of Greif from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Greif currently has a consensus rating of “Hold” and a consensus target price of $74.50.

About Greif

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.