Insider Selling: Greif (NYSE:GEF) SVP Sells $174,120.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $87.06, for a total transaction of $174,120.00. Following the completion of the sale, the senior vice president owned 55,832 shares of the company’s stock, valued at approximately $4,860,733.92. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Timothy Bergwall sold 6,000 shares of Greif stock. The stock was sold at an average price of $85.26, for a total value of $511,560.00.
• On Friday, July 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were 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 value of $130,520.00.

Greif Price Performance

Shares of GEF stock opened at $87.88 on Thursday. The company has a market capitalization of $4.06 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.86 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. Greif, Inc. has a 12 month low of $55.75 and a 12 month high of $90.57. The stock has a 50 day moving average of $75.73 and a two-hundred day moving average of $71.14.

Greif (NYSE:GEF) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.11 by $0.50. Greif had a return on equity of 8.09% and a net margin of 7.53%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $0.86 earnings per share. Greif’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Greif, Inc. will post 4.18 EPS for the current year.

Greif Increases Dividend

The firm 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 was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Greif’s previous quarterly dividend of $0.56. Greif’s dividend payout ratio is currently 77.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial reiterated a “hold” rating and set a $97.00 target price (up from $78.00) on shares of Greif in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Bank of America downgraded Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a report on Tuesday, July 14th. Wells Fargo & Company increased their target price on Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded Greif from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. 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. Based on data from MarketBeat, Greif has an average rating of “Hold” and a consensus price target of $83.00.

Institutional Investors Weigh In On Greif

A number of hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in 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 buying an additional 225,659 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Greif by 119.1% during the fourth quarter. Invesco Ltd. now owns 325,951 shares of the industrial products company’s stock worth $22,067,000 after buying an additional 177,203 shares in the last quarter. EVR Research LP acquired a new stake in shares of Greif during the fourth quarter worth approximately $11,848,000. Cubist Systematic Strategies LLC bought a new position in shares of Greif in the second quarter valued at approximately $6,052,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of Greif by 10.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after acquiring an additional 79,813 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

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.