Insider Selling: Greif (NYSE:GEF) SVP Sells $130,520.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $65.26, for a total transaction of $130,520.00. Following the completion of the transaction, the senior vice president directly owned 65,832 shares of the company’s stock, valued at approximately $4,296,196.32. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 transaction of $140,840.00.

Greif Stock Performance

NYSE:GEF opened at $68.41 on Friday. 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 firm has a 50-day moving average of $66.04 and a two-hundred day moving average of $68.47. The stock has a market cap of $3.16 billion, a P/E ratio of 26.21, a PEG ratio of 0.71 and a beta of 0.80. Greif, Inc. has a 1-year low of $55.75 and a 1-year high of $77.14.

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

Greif Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, June 17th. This is an increase from Greif’s previous quarterly dividend of $0.56. Greif’s dividend payout ratio is currently 85.82%.

Analyst Ratings Changes

Several brokerages have recently commented on GEF. Wells Fargo & Company reduced their price target on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Weiss Ratings cut shares of Greif from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Truist Financial reduced their price target on shares of Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, Greif presently has a consensus rating of “Hold” and a consensus target price of $73.50.

Hedge Funds Weigh In On Greif

Several large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Greif by 1.3% during the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after acquiring an additional 280 shares during the period. Norges Bank acquired a new stake in Greif during the second quarter worth about $1,040,000. Arrowstreet Capital Limited Partnership acquired a new stake in Greif during the second quarter worth about $230,000. Jump Financial LLC acquired a new stake in Greif during the second quarter worth about $609,000. Finally, Cerity Partners LLC raised its stake in Greif by 50.3% during the second quarter. Cerity Partners LLC now owns 6,193 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 2,072 shares during the period. 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.