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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $87.06, for a total transaction of $174,120.00. Following the sale, the senior vice president owned 55,832 shares of the company’s stock, valued at approximately $4,860,733.92. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 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.
• 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 transaction of $146,280.00.
• On Wednesday, June 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $65.26, for a total transaction of $130,520.00.

Greif Stock Performance

Shares of NYSE:GEF traded down $1.42 during trading on Monday, reaching $87.26. 235,754 shares of the stock were exchanged, compared to its average volume of 231,518. Greif, Inc. has a 12 month low of $55.75 and a 12 month high of $90.57. The stock has a 50-day moving average price of $74.26 and a 200-day moving average price of $70.80. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.03 billion, a PE ratio of 27.35, a PEG ratio of 0.87 and a beta of 0.75.

Greif (NYSE:GEF) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. Research analysts expect that Greif, Inc. will post 4.18 EPS for the current fiscal year.

Greif Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were issued 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, June 17th. Greif’s payout ratio is 77.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in Greif by 106.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 317 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Greif by 33.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after buying an additional 172 shares during the period. Simplex Trading LLC increased its holdings in Greif by 399.5% in the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,482 shares during the period. Leonteq Securities AG acquired a new position in shares of Greif in the 1st quarter valued at approximately $201,000. Finally, Man Group plc acquired a new position in shares of Greif in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Analyst Upgrades and Downgrades

GEF has been the topic of a number of recent research reports. Weiss Ratings raised shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Truist Financial reissued a “hold” rating and issued a $97.00 price objective (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Bank of America lowered shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 target price on the stock. in a research report on Tuesday, July 14th. Wells Fargo & Company raised their target price on shares of Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.00.

Greif Company Profile

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.