Greif (NYSE:GEF) SVP Timothy Bergwall Sells 2,000 Shares

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $67.49, for a total transaction of $134,980.00. Following the sale, the senior vice president owned 71,832 shares of the company’s stock, valued at $4,847,941.68. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $148,220.00.
• 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.

Greif Trading Down 0.2%

NYSE GEF traded down $0.12 on Thursday, hitting $67.34. The company’s stock had a trading volume of 7,697 shares, compared to its average volume of 209,902. The firm has a market cap of $3.12 billion, a P/E ratio of 24.81, a PEG ratio of 0.52 and a beta of 0.95. The company’s 50-day simple moving average is $72.29 and its 200 day simple moving average is $65.89. Greif, Inc. has a 52-week low of $48.23 and a 52-week high of $77.14. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23.

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

Greif Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, March 16th. This represents a $2.24 dividend on an annualized basis and a yield of 3.3%. Greif’s dividend payout ratio is presently 82.96%.

Institutional Trading of Greif

Several large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in shares of Greif by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company’s stock worth $60,872,000 after buying an additional 3,793 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Greif by 10.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock valued at $56,715,000 after acquiring an additional 79,813 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Greif by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 567,333 shares of the industrial products company’s stock worth $38,408,000 after acquiring an additional 1,455 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 purchasing an additional 225,659 shares in the last quarter. Finally, Medina Value Partners LLC grew its position in shares of Greif by 19.3% in the third quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after purchasing an additional 60,338 shares during the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Truist Financial raised their price target on Greif from $71.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Robert W. Baird set a $75.00 price target on shares of Greif in a research note on Thursday, January 29th. Finally, Wells Fargo & Company raised their price objective on shares of Greif from $73.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.25.

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.