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

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $81.82, for a total transaction of $163,640.00. Following the transaction, the senior vice president owned 51,832 shares in the company, valued at approximately $4,240,894.24. The trade was a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Thursday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $83.14, for a total value of $166,280.00.
• On Monday, August 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $87.06, for a total value of $174,120.00.
• On Monday, August 3rd, Timothy Bergwall sold 6,000 shares of Greif stock. The stock was sold at an average price of $85.26, for a total transaction of $511,560.00.

Greif Stock Performance

Shares of Greif stock traded down $0.32 during trading hours on Wednesday, hitting $78.19. 34,420 shares of the company’s stock traded hands, compared to its average volume of 254,111. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 0.60 and a beta of 0.77. The company has a fifty day simple moving average of $84.19 and a 200-day simple moving average of $74.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. Greif, Inc. has a 12-month low of $55.75 and a 12-month high of $90.57.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Equities research analysts anticipate that Greif, Inc. will post 4.32 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.2%. Greif’s dividend payout ratio is 77.74%.

Wall Street Analyst Weigh In

GEF has been the topic of a number of analyst reports. Truist Financial decreased their price objective on shares of Greif from $97.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday. Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wells Fargo & Company upped their price target on Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Bank of America downgraded Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Greif from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in Greif by 106.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock valued at $42,000 after buying an additional 317 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Greif by 33.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after buying an additional 172 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of Greif during the 2nd quarter valued at $218,000. Leonteq Securities AG acquired a new stake in Greif in the 1st quarter worth approximately $201,000. Finally, DGS Capital Management LLC acquired a new stake in Greif during the 4th quarter worth about $247,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Greif Company Profile

Greif, Inc (NYSE: GEF) is a global producer of industrial packaging and paper-based products. The company manufactures and sells steel, plastic and fiber drums; rigid intermediate bulk containers; containerboard; corrugated sheets and products; and other packaging solutions used to transport and protect goods.

Greif serves customers across industries including food and beverage, chemicals, agriculture, pharmaceuticals, industrial manufacturing and consumer products. Its operations span North America, Europe and other international markets, supporting customers through a network of manufacturing, recycling and distribution facilities.

Founded in 1877, Greif has expanded from a paper and timber business into a diversified packaging company.