Greif (NYSE:GEF) SVP Sells $146,280.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the 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 in the company, valued at approximately $4,668,672.48. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $67.66, for a total transaction of $135,320.00.

Greif Trading Up 2.1%

Shares of GEF opened at $73.17 on Thursday. 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 simple moving average of $68.15 and a 200-day simple moving average of $69.34. Greif, Inc. has a 1-year low of $55.75 and a 1-year high of $77.14. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 0.74 and a beta of 0.76.

Greif (NYSE:GEF) last issued its quarterly earnings data on Wednesday, April 29th. 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 return on equity of 7.50% and a net margin of 7.27%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Greif, Inc. will post 3.86 EPS for the current fiscal year.

Greif Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change 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 presently 95.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GEF. Weiss Ratings raised Greif from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Bank of America cut shares of 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. Truist Financial lowered their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of Greif from $70.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $74.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GEF. Ameriprise Financial Inc. boosted its holdings in Greif by 75.5% in the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock valued at $31,352,000 after acquiring an additional 225,659 shares during the last quarter. Invesco Ltd. grew its position in Greif by 119.1% during the fourth quarter. Invesco Ltd. now owns 325,951 shares of the industrial products company’s stock valued at $22,067,000 after acquiring an additional 177,203 shares during the period. EVR Research LP acquired a new stake in Greif during the fourth quarter worth about $11,848,000. Cubist Systematic Strategies LLC acquired a new stake in Greif during the second quarter worth about $6,052,000. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Greif by 10.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after purchasing an additional 79,813 shares during the period. Institutional investors and hedge funds own 45.74% of the company’s stock.

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.