Greif (NYSE:GEF) SVP Sells $163,640.00 in Stock

Greif, Inc. (NYSE:GEF) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $81.82, for a total transaction of $163,640.00. Following the completion of the sale, the senior vice president directly owned 51,832 shares of the company’s stock, valued at $4,240,894.24. The trade was a 3.72% decrease in their position. The transaction was disclosed in a document filed 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 Thursday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $83.14, for a total transaction of $166,280.00.
• On Monday, August 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $87.06, for a total transaction of $174,120.00.
• 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 transaction of $511,560.00.

Greif Price Performance

Shares of NYSE:GEF traded up $2.01 during trading on Friday, reaching $82.05. The company had a trading volume of 467,604 shares, compared to its average volume of 398,014. The firm’s fifty day moving average is $83.64 and its 200 day moving average is $75.19. The firm has a market capitalization of $3.79 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 0.61 and a beta of 0.77. Greif, Inc. has a twelve month low of $55.75 and a twelve month high of $90.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29.

Greif (NYSE:GEF) last announced 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. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, equities analysts forecast that Greif, Inc. will post 4.32 EPS for the current year.

Greif Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were issued a $0.62 dividend. The ex-dividend date was Thursday, September 17th. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. Greif’s dividend payout ratio is 77.74%.

Hedge Funds Weigh In On Greif

A number of hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its position in shares of Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 172 shares during the period. Personal CFO Solutions LLC increased its stake in Greif by 8.4% in the 1st quarter. Personal CFO Solutions LLC now owns 3,902 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 302 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Greif by 106.0% in the 4th 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. Pictet Asset Management Holding SA raised its holdings in Greif by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,585 shares of the industrial products company’s stock worth $308,000 after buying an additional 731 shares during the period. Finally, AXQ Capital LP raised its holdings in Greif by 21.3% during the 2nd quarter. AXQ Capital LP now owns 4,487 shares of the industrial products company’s stock worth $334,000 after buying an additional 789 shares during the period. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GEF. Truist Financial lowered their target price on Greif from $97.00 to $94.00 and set a “hold” rating on the stock in a report on Monday. Raymond James Financial upgraded shares of Greif from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Friday. Wall Street Zen raised shares of Greif from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Bank of America lowered shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Tuesday, July 14th. Finally, 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. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.80.

About Greif

Greif, Inc (NYSE: GEF) is a global producer of industrial packaging and paper-based products. The company manufactures and sells steel, plastic and fiber drums; rigid intermediate bulk containers; containerboard; corrugated sheets and products; and other packaging solutions used to transport and protect goods.

Greif serves customers across industries including food and beverage, chemicals, agriculture, pharmaceuticals, industrial manufacturing and consumer products. Its operations span North America, Europe and other international markets, supporting customers through a network of manufacturing, recycling and distribution facilities.

Founded in 1877, Greif has expanded from a paper and timber business into a diversified packaging company.