Insider Selling: Greif (NYSE:GEF) SVP Sells $148,220.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $74.11, for a total transaction of $148,220.00. Following the sale, the senior vice president directly owned 73,832 shares of the company’s stock, valued at $5,471,689.52. This represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Timothy Bergwall also recently made the following trade(s):

• On Monday, January 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $71.54, for a total value of $143,080.00.
• On Wednesday, December 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $64.98, for a total value of $129,960.00.

Greif Price Performance

GEF opened at $76.95 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.56 billion, a P/E ratio of 28.50, a PEG ratio of 0.58 and a beta of 0.96. The stock has a 50-day moving average price of $70.92 and a 200-day moving average price of $65.09. Greif, Inc. has a 12-month low of $48.23 and a 12-month high of $77.14.

Greif (NYSE:GEF) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). The firm had revenue of $994.80 million during the quarter, compared to the consensus estimate of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. Equities analysts predict that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, December 18th were paid a $0.56 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. Greif’s dividend payout ratio is 82.96%.

Institutional Investors Weigh In On Greif

Several institutional investors and hedge funds have recently bought and sold shares of GEF. Blue Trust Inc. grew its position in shares of Greif by 36.2% in the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after buying an additional 176 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Greif in the fourth quarter worth $84,000. Simplex Trading LLC boosted its holdings in Greif by 399.5% in the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,482 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Greif during the 2nd quarter valued at $214,000. Finally, Neuberger Berman Group LLC bought a new position in Greif in the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on GEF shares. Truist Financial boosted their price target on shares of Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Wells Fargo & Company raised their price target on Greif from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Finally, Robert W. Baird set a $75.00 price objective on Greif in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.50.

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.