Insider Selling: Greif (NYSE:GEF) SVP Sells $135,320.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $67.66, for a total transaction of $135,320.00. Following the transaction, the senior vice president owned 67,832 shares in the company, valued at approximately $4,589,513.12. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, April 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $70.42, for a total transaction of $140,840.00.
• On Tuesday, March 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $67.49, for a total transaction of $134,980.00.
• 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.

Greif Price Performance

Shares of NYSE:GEF opened at $65.50 on Thursday. Greif, Inc. has a twelve month low of $54.03 and a twelve month high of $77.14. The company’s 50 day moving average is $67.38 and its 200 day moving average is $67.78. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.02 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.66 and a beta of 0.82.

Greif (NYSE:GEF) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a return on equity of 7.50% and a net margin of 7.27%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $1.19 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts forecast that Greif, Inc. will post 3.94 EPS for the current year.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a dividend of $0.56 per share. The ex-dividend date was Monday, March 16th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. Greif’s dividend payout ratio (DPR) is 85.82%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GEF shares. Wells Fargo & Company decreased their price objective on Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Robert W. Baird set a $75.00 price objective on Greif in a report on Thursday, January 29th. Truist Financial decreased their price objective on Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, Zacks Research lowered Greif from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $73.50.

Institutional Investors Weigh In On Greif

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its position in Greif by 61.5% in the 1st quarter. Sei Investments Co. now owns 15,165 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 5,775 shares in the last quarter. Principal Financial Group Inc. grew its position in Greif by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 90,939 shares of the industrial products company’s stock valued at $6,099,000 after acquiring an additional 5,071 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Greif by 193.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 17,717 shares of the industrial products company’s stock valued at $1,188,000 after acquiring an additional 11,670 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Greif in the 1st quarter valued at about $717,000. Finally, Personal CFO Solutions LLC grew its position in Greif by 8.4% in the 1st quarter. Personal CFO Solutions LLC now owns 3,902 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 302 shares in the last quarter. 45.74% of the stock is owned by hedge funds and other institutional investors.

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.