Greif (NYSE:GEF) SVP Timothy Bergwall Sells 6,000 Shares

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 6,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $85.26, for a total value of $511,560.00. Following the completion of the transaction, the senior vice president owned 57,832 shares of the company’s stock, valued at approximately $4,930,756.32. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $146,280.00.
• On Wednesday, June 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $65.26, for a total transaction of $130,520.00.
• 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 transaction of $135,320.00.

Greif Stock Up 0.8%

Shares of Greif stock traded up $0.71 during trading on Wednesday, hitting $90.05. The company’s stock had a trading volume of 119,019 shares, compared to its average volume of 230,138. Greif, Inc. has a 52 week low of $55.75 and a 52 week high of $90.27. The company has a market capitalization of $4.15 billion, a PE ratio of 34.40, a P/E/G ratio of 0.88 and a beta of 0.75. The company has a fifty day simple moving average of $72.73 and a two-hundred day simple moving average of $70.44. 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 posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.11 by $0.50. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. Greif’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts predict that Greif, Inc. will post 4.06 earnings per share for the current year.

Greif Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Greif’s previous quarterly dividend of $0.56. Greif’s payout ratio is presently 95.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Greif by 1.3% during 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 during the last quarter. Norges Bank purchased a new position in shares of Greif in the second quarter worth approximately $1,040,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Greif in the second quarter worth approximately $230,000. Jump Financial LLC bought a new stake in Greif during the second quarter valued at approximately $609,000. Finally, Cerity Partners LLC grew its position in Greif by 50.3% during the second quarter. Cerity Partners LLC now owns 6,193 shares of the industrial products company’s stock valued at $403,000 after buying an additional 2,072 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GEF shares. Truist Financial reaffirmed a “hold” rating and set a $97.00 price objective (up from $78.00) on shares of Greif in a research report on Tuesday. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Bank of America lowered Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Wells Fargo & Company lifted their target price on shares of Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.00.

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.