Greif (NYSE:GEF) SVP Sells $511,560.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 6,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $85.26, for a total transaction of $511,560.00. Following the sale, the senior vice president directly owned 57,832 shares of the company’s stock, valued at $4,930,756.32. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $146,280.00.
• On Wednesday, June 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $65.26, for a total value 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 value of $135,320.00.

Greif Stock Performance

Greif stock opened at $88.54 on Friday. The stock’s 50-day moving average is $74.26 and its 200-day moving average is $70.81. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 0.88 and a beta of 0.75. 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 12 month low of $55.75 and a 12 month high of $90.57.

Greif (NYSE:GEF) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities analysts anticipate that Greif, Inc. will post 4.18 earnings per share for the current year.

Greif Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.62 per share. This is an increase from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, June 17th. Greif’s payout ratio is presently 77.74%.

Analyst Upgrades and Downgrades

GEF has been the topic of several recent research reports. Weiss Ratings upgraded shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Truist Financial reiterated a “hold” rating and issued a $97.00 price target (up from $78.00) on shares of Greif in a report on Tuesday. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Wells Fargo & Company upped their target price on Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded Greif from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.00.

Institutional Investors Weigh In On Greif

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. boosted its position 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 valued at $56,715,000 after buying an additional 79,813 shares during the last quarter. New Age Alpha Advisors LLC increased its position in shares of Greif by 631.5% during the fourth 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 last quarter. Wesbanco Bank Inc. lifted its stake in shares of Greif by 91.5% in the fourth quarter. Wesbanco Bank Inc. now owns 18,839 shares of the industrial products company’s stock worth $1,275,000 after acquiring an additional 9,000 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Greif in the first quarter worth about $871,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Greif in the first quarter worth about $1,853,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

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.