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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $72.52, for a total value of $145,040.00. Following the transaction, the senior vice president owned 49,832 shares of the company’s stock, valued at approximately $3,613,816.64. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a 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, October 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $81.82, for a total value of $163,640.00.
• On Thursday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $83.14, for a total value of $166,280.00.

Greif Stock Performance

Greif stock traded down $0.29 during mid-day trading on Friday, hitting $70.98. The company had a trading volume of 203,780 shares, compared to its average volume of 358,404. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.57 and a beta of 0.79. Greif, Inc. has a 12-month low of $59.91 and a 12-month high of $90.57. The company’s fifty day moving average is $80.63 and its 200-day moving average is $74.69. The company has a current ratio of 1.33, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26.

Greif (NYSE:GEF) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.25). Greif had a net margin of 5.91% and a return on equity of 7.78%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.58 earnings per share. Greif’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that Greif, Inc. will post 4.59 EPS for the current year.

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Investors of record on Thursday, December 17th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, December 17th. Greif’s dividend payout ratio (DPR) is currently 55.98%.

Institutional Investors Weigh In On Greif

Institutional investors have recently added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new stake in Greif in the 3rd quarter worth $1,533,000. Focus Advisor Solutions LLC acquired a new position in Greif during the third quarter worth $326,000. Edgestream Partners L.P. purchased a new position in Greif during the third quarter valued at $412,000. Intech Investment Management LLC lifted its holdings in Greif by 267.0% during the third quarter. Intech Investment Management LLC now owns 20,298 shares of the industrial products company’s stock valued at $1,616,000 after purchasing an additional 14,767 shares in the last quarter. Finally, Lido Advisors LLC purchased a new position in Greif during the third quarter valued at $227,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Analyst Ratings Changes

GEF has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Greif in a research report on Friday, October 30th. Wells Fargo & Company lowered their target price on shares of Greif from $90.00 to $88.00 and set a “cautious” rating on the stock in a research note on Monday, October 19th. Truist Financial restated a “hold” rating and set a $88.00 target price (down from $94.00) on shares of Greif in a research report on Thursday, November 5th. Wall Street Zen cut Greif from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, Raymond James Financial upgraded Greif from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Greif has an average rating of “Hold” and an average target price of $82.20.

About Greif

Greif, Inc. is a global industrial packaging company that makes products used to store and transport goods. Its offerings include steel, plastic and fiber drums, intermediate bulk containers, jerrycans and other rigid packaging, as well as reconditioned containers and related services. The company also provides packaging accessories and services such as container filling, supply-chain support and packaging design. Greif serves customers in industries including chemicals, food and beverage, petroleum and pharmaceuticals.