Insider Selling: Greif (NYSE:GEF) SVP Sells $146,280.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $73.14, for a total value of $146,280.00. Following the transaction, the senior vice president directly owned 63,832 shares of the company’s stock, valued at $4,668,672.48. This represents a 3.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $67.66, for a total transaction of $135,320.00.

Greif Price Performance

Shares of NYSE GEF traded down $2.24 during midday trading on Monday, reaching $71.36. The company’s stock had a trading volume of 216,762 shares, compared to its average volume of 220,150. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $67.97 and a 200 day moving average price of $69.30. Greif, Inc. has a one year low of $55.75 and a one year high of $77.14. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 0.76 and a beta of 0.76.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. Greif had a return on equity of 7.50% and a net margin of 7.27%.The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. On average, equities research analysts expect that Greif, Inc. will post 3.87 EPS for the current year.

Greif Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th were given a $0.62 dividend. This is a positive change from Greif’s previous quarterly dividend of $0.56. The ex-dividend date was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. Greif’s dividend payout ratio is 95.02%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GEF. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Truist Financial cut their price target on shares of Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Weiss Ratings upgraded shares of Greif from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, March 20th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.50.

Institutional Investors Weigh In On Greif

A number of institutional investors have recently bought and sold shares of GEF. Rockefeller Capital Management L.P. lifted its stake in Greif by 33.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 172 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Greif by 4.3% during the 4th quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 235 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Greif by 1.3% in 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 last quarter. Personal CFO Solutions LLC lifted its stake in shares of Greif by 8.4% in the 1st quarter. Personal CFO Solutions LLC now owns 3,902 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 302 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Greif by 106.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 317 shares in the last quarter. 45.74% of the stock is currently owned by institutional investors and hedge funds.

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.