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 that occurred on Monday, May 11th. The stock was sold at an average price of $67.66, for a total transaction of $135,320.00. Following the transaction, the senior vice president directly owned 67,832 shares in the company, valued at approximately $4,589,513.12. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock was sold at an average price of $70.42, for a total value 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 value 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 Stock Down 2.2%

Shares of NYSE GEF opened at $66.58 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. Greif, Inc. has a 12-month low of $54.03 and a 12-month high of $77.14. The company has a market cap of $3.07 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.69 and a beta of 0.82. The stock has a fifty day moving average price of $67.67 and a 200 day moving average price of $67.71.

Greif (NYSE:GEF) last released its quarterly earnings results 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). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Greif had a return on equity of 7.50% and a net margin of 7.27%.The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. Research analysts anticipate that Greif, Inc. will post 3.94 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were paid a $0.56 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.24 annualized dividend and a dividend yield of 3.4%. Greif’s payout ratio is 85.82%.

Institutional Investors Weigh In On Greif

Several hedge funds have recently bought and sold shares of GEF. Thrivent Financial for Lutherans lifted its position in Greif by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company’s stock worth $60,872,000 after buying an additional 3,793 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Greif by 10.5% in 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. Charles Schwab Investment Management Inc. increased its stake in shares of Greif by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 567,333 shares of the industrial products company’s stock worth $38,408,000 after purchasing an additional 1,455 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Greif by 75.5% during the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock worth $31,352,000 after buying an additional 225,659 shares during the last quarter. Finally, Medina Value Partners LLC boosted its holdings in Greif by 19.3% in the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after purchasing an additional 60,338 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEF has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Truist Financial lowered their price target on shares of Greif from $79.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Robert W. Baird set a $75.00 target price on Greif in a research report on Thursday, January 29th. Finally, Zacks Research downgraded shares of Greif from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Greif presently has an average rating of “Reduce” and an average price target 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.