Greif (NYSE:GEF) SVP Sells $145,040.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $72.52, for a total transaction of $145,040.00. Following the sale, the senior vice president directly owned 49,832 shares in the company, valued at $3,613,816.64. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $81.82, for a total transaction of $163,640.00.
• 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.

Greif Stock Down 0.4%

Shares of NYSE:GEF traded down $0.29 during midday trading on Friday, reaching $70.98. The company had a trading volume of 203,780 shares, compared to its average volume of 358,404. The company has a quick ratio of 1.02, a current ratio of 1.33 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $80.63 and its 200 day moving average price is $74.69. The stock has a market cap of $3.28 billion, a PE ratio of 16.02, a P/E/G ratio of 0.57 and a beta of 0.79. Greif, Inc. has a 1-year low of $59.91 and a 1-year high of $90.57.

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

Greif Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Greif from $90.00 to $88.00 and set a “cautious” rating on the stock in a research report on Monday, October 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Greif in a report on Friday, October 30th. Raymond James Financial raised shares of Greif from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Friday, October 16th. Wall Street Zen cut shares of Greif from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Finally, Truist Financial restated a “hold” rating and set a $88.00 target price (down from $94.00) on shares of Greif in a report on Thursday, November 5th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $82.20.

Institutional Investors Weigh In On Greif

A number of institutional investors and hedge funds have recently modified their holdings of GEF. Wellington Management Group LLP lifted its stake in Greif by 35.0% in the 2nd quarter. Wellington Management Group LLP now owns 246,492 shares of the industrial products company’s stock valued at $18,361,000 after purchasing an additional 63,843 shares during the last quarter. Principal Financial Group Inc. increased its position in Greif by 5.9% during the first quarter. Principal Financial Group Inc. now owns 90,939 shares of the industrial products company’s stock worth $6,099,000 after buying an additional 5,071 shares during the last quarter. Squarepoint Ops LLC raised its stake in Greif by 29.1% in the second quarter. Squarepoint Ops LLC now owns 36,906 shares of the industrial products company’s stock valued at $2,749,000 after buying an additional 8,322 shares during the period. Engineers Gate Manager LP raised its stake in Greif by 362.2% in the second quarter. Engineers Gate Manager LP now owns 31,706 shares of the industrial products company’s stock valued at $2,362,000 after buying an additional 24,846 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Greif by 10.8% in the second quarter. Wedge Capital Management L L P NC now owns 27,528 shares of the industrial products company’s stock valued at $2,051,000 after buying an additional 2,694 shares during the period. 45.74% of the stock is owned by institutional investors.

Greif Company Profile

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.