Greif (NYSE:GEF) SVP 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 dated Wednesday, June 10th. The shares were sold at an average price of $65.26, for a total value of $130,520.00. Following the completion of the sale, the senior vice president owned 65,832 shares in the company, valued at approximately $4,296,196.32. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, 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.
• On Friday, April 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $70.42, for a total value of $140,840.00.

Greif Stock Performance

GEF opened at $67.17 on Friday. Greif, Inc. has a 52-week low of $55.75 and a 52-week high of $77.14. The firm has a market capitalization of $3.10 billion, a PE ratio of 25.73, a PEG ratio of 0.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.28. The business’s 50-day simple moving average is $66.02 and its 200 day simple moving average is $68.47.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. Greif’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. As a group, sell-side analysts expect that Greif, Inc. will post 3.87 earnings per share for the current fiscal year.

Greif Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be paid a $0.62 dividend. This is a positive change from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, June 17th. Greif’s dividend payout ratio is currently 85.82%.

Wall Street Analysts Forecast Growth

GEF has been the topic of several research analyst reports. Truist Financial dropped their price objective on Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company dropped their price objective on Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings lowered Greif from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Greif presently has a consensus rating of “Hold” and an average price target of $73.50.

Institutional Investors Weigh In On Greif

A number of large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its position in Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after buying an additional 172 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Greif by 4.3% in the 4th quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 235 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Greif by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 280 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of 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 purchasing an additional 302 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Greif by 106.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

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.