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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 51,832 shares in the company, valued at $4,240,894.24. This represents a 3.72% 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. 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 transaction of $166,280.00.
• On Monday, August 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $87.06, for a total transaction 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 Down 0.5%

Shares of Greif stock opened at $78.13 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. Greif, Inc. has a 1 year low of $55.75 and a 1 year high of $90.57. The firm has a market cap of $3.61 billion, a PE ratio of 24.49, a PEG ratio of 0.60 and a beta of 0.77. The company has a 50 day simple moving average of $83.95 and a two-hundred day simple moving average of $75.05.

Greif (NYSE:GEF) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The firm 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%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. Analysts expect that Greif, Inc. will post 4.32 earnings per share for the current fiscal year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were given a $0.62 dividend. The ex-dividend date was Thursday, September 17th. This represents a $2.48 annualized dividend and a yield of 3.2%. Greif’s payout ratio is 77.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EVR Research LP purchased a new position in Greif in the 4th quarter worth $11,848,000. Wellington Management Group LLP lifted its stake in Greif by 35.0% in the second quarter. Wellington Management Group LLP now owns 246,492 shares of the industrial products company’s stock worth $18,361,000 after purchasing an additional 63,843 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Greif in the first quarter worth $1,853,000. Engineers Gate Manager LP lifted its stake in Greif by 362.2% in the second quarter. Engineers Gate Manager LP now owns 31,706 shares of the industrial products company’s stock worth $2,362,000 after purchasing an additional 24,846 shares during the last quarter. Finally, Odyssean LLC boosted its position in Greif by 500.8% during the second quarter. Odyssean LLC now owns 18,506 shares of the industrial products company’s stock valued at $1,379,000 after buying an additional 15,426 shares during the period. 45.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on GEF. Wall Street Zen raised Greif from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. 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 note on Tuesday, July 14th. Truist Financial cut their price objective on Greif from $97.00 to $94.00 and set a “hold” rating for the company in a report on Monday. Finally, Wells Fargo & Company upped 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. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.25.

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.