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 Monday, May 11th. The shares were sold at an average price of $67.66, for a total transaction of $135,320.00. Following the completion of the transaction, the senior vice president owned 67,832 shares in the company, valued at approximately $4,589,513.12. This trade represents a 2.86% decrease in their position. The sale 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 Friday, April 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $70.42, for a total transaction of $140,840.00.
• On Tuesday, March 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $67.49, for a total value of $134,980.00.
• On Tuesday, February 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $74.11, for a total value of $148,220.00.

Greif Price Performance

Shares of NYSE GEF opened at $65.65 on Wednesday. The firm has a market cap of $3.03 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 0.67 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. Greif, Inc. has a 1-year low of $54.03 and a 1-year high of $77.14. The business’s 50 day moving average is $67.53 and its 200-day moving average is $67.74.

Greif (NYSE:GEF) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a net margin of 7.27% and a return on equity of 7.50%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts predict that Greif, Inc. will post 3.94 earnings per share for the current year.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, March 16th. Greif’s payout ratio is presently 85.82%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 172 shares during the period. ProShare Advisors LLC grew its stake in shares of Greif by 4.3% in the 4th quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock valued at $385,000 after buying an additional 235 shares during the period. American Century Companies Inc. increased its position in Greif by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock valued at $1,397,000 after buying an additional 280 shares in the last quarter. Personal CFO Solutions LLC increased its position in Greif by 8.4% in the 1st 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 stake in Greif by 106.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after buying an additional 317 shares during the period. Institutional investors own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GEF. Zacks Research lowered shares of Greif from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Truist Financial cut their price objective on shares of Greif from $79.00 to $78.00 and set a “hold” rating for the company in a report on Monday, May 4th. Wells Fargo & Company decreased their target price 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. Finally, Robert W. Baird set a $75.00 price target on shares of Greif in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $73.50.

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.