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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $73.14, for a total transaction of $146,280.00. Following the completion of the sale, the senior vice president directly owned 63,832 shares of the company’s stock, valued at $4,668,672.48. This represents a 3.04% decrease in their position. The sale was disclosed in a document filed 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 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 transaction 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 transaction of $135,320.00.

Greif Stock Up 0.4%

GEF stock opened at $71.68 on Wednesday. The firm has a market cap of $3.31 billion, a PE ratio of 27.46, a PEG ratio of 0.74 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.28. The firm’s 50 day moving average price is $68.05 and its 200-day moving average price is $69.31. Greif, Inc. has a one year low of $55.75 and a one year high of $77.14.

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

Greif Increases Dividend

The business also recently announced 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 represents a $2.48 annualized dividend and a yield of 3.5%. This is a boost from Greif’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Wednesday, June 17th. Greif’s payout ratio is 95.02%.

Hedge Funds Weigh In On Greif

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 172 shares in the last quarter. ProShare Advisors LLC increased its position in Greif by 4.3% during the 4th quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 235 shares during the period. American Century Companies Inc. raised its stake in shares of Greif by 1.3% during the 2nd quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 280 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in Greif by 8.4% in the first quarter. Personal CFO Solutions LLC now owns 3,902 shares of the industrial products company’s stock valued at $264,000 after buying an additional 302 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised 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 acquiring an additional 317 shares during the last quarter. 45.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on GEF. Wells Fargo & Company decreased their price objective on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Truist Financial cut their target price on Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Bank of America cut Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Tuesday. Weiss Ratings upgraded Greif from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Greif currently has a consensus rating of “Reduce” and an average target price of $73.25.

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.