Timothy Bergwall Sells 6,000 Shares of Greif (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 6,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $85.26, for a total transaction of $511,560.00. Following the sale, the senior vice president directly owned 57,832 shares in the company, valued at $4,930,756.32. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $73.14, for a total value of $146,280.00.
• 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 stock was sold at an average price of $67.66, for a total transaction of $135,320.00.

Greif Stock Down 1.0%

GEF stock opened at $89.19 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. Greif, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $90.57. The firm’s 50-day simple moving average is $73.75 and its 200 day simple moving average is $70.69. The stock has a market cap of $4.11 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 0.89 and a beta of 0.75.

Greif (NYSE:GEF) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.50. Greif had a net margin of 7.53% and a return on equity of 8.09%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $0.86 EPS. Greif’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Greif, Inc. will post 4.18 EPS for the current year.

Greif Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were paid a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Greif’s previous quarterly dividend of $0.56. Greif’s dividend payout ratio (DPR) is presently 77.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GEF. American Century Companies Inc. raised its stake in Greif by 1.3% during the 2nd quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 280 shares during the period. Norges Bank purchased a new position in shares of Greif during the second quarter valued at $1,040,000. Arrowstreet Capital Limited Partnership acquired a new position in Greif during the second quarter valued at $230,000. Jump Financial LLC purchased a new stake in Greif in the 2nd quarter worth about $609,000. Finally, Cerity Partners LLC boosted its position in Greif by 50.3% during the 2nd quarter. Cerity Partners LLC now owns 6,193 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 2,072 shares during the period. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial reaffirmed a “hold” rating and set a $97.00 target price (up from $78.00) on shares of Greif in a research note on Tuesday. Bank of America downgraded shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target for the company. in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.00.

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.