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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the 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 transaction, the senior vice president owned 65,832 shares in the company, valued at approximately $4,296,196.32. The trade was a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 Monday, May 11th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were 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 shares were sold at an average price of $70.42, for a total value of $140,840.00.

Greif Stock Up 4.1%

Shares of GEF traded up $2.66 during mid-day trading on Thursday, reaching $67.17. The company’s stock had a trading volume of 287,502 shares, compared to its average volume of 217,699. Greif, Inc. has a 12-month low of $55.75 and a 12-month high of $77.14. The stock has a market cap of $3.10 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 0.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00. The company’s 50 day moving average is $66.02 and its 200 day moving average is $68.44.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). Greif had a net margin of 7.27% and a return on equity of 7.50%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $1.19 EPS. The company’s revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that Greif, Inc. will post 3.87 EPS for the current fiscal year.

Greif Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. This is a boost from Greif’s previous quarterly dividend of $0.56. Greif’s dividend payout ratio (DPR) is 85.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GEF. Envestnet Asset Management Inc. lifted its position in Greif by 10.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,524 shares of the industrial products company’s stock worth $8,637,000 after acquiring an additional 13,393 shares during the period. Deprince Race & Zollo Inc. lifted its position in Greif by 10.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after acquiring an additional 79,813 shares during the period. Principal Financial Group Inc. lifted its position in Greif by 30.6% during the 3rd quarter. Principal Financial Group Inc. now owns 78,173 shares of the industrial products company’s stock worth $4,672,000 after acquiring an additional 18,339 shares during the period. New Age Alpha Advisors LLC lifted its position in Greif by 631.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 26,043 shares of the industrial products company’s stock worth $1,763,000 after acquiring an additional 22,483 shares during the period. Finally, Medina Value Partners LLC lifted its position in Greif by 19.3% during the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock worth $22,246,000 after acquiring an additional 60,338 shares during the period. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GEF shares. Truist Financial dropped their price target on Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Weiss Ratings downgraded Greif from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company dropped their price target 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. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.50.

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.