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

Key Points

• Greif SVP Timothy Bergwall sold 2,000 shares for $145,040 at an average price of $72.52 under a pre-arranged Rule 10b5-1 plan; he retained 49,832 shares.
• Quarterly EPS of $0.87 missed the $1.12 consensus estimate, while revenue of $1.14 billion exceeded expectations and rose 4.5% year over year.
• Greif announced a quarterly dividend of $0.62 per share, equivalent to a 3.4% annualized yield; analysts’ consensus rating was Hold with an $82.20 average target price.

Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $72.52, for a total value of $145,040.00. Following the transaction, the senior vice president owned 49,832 shares of the company's stock, valued at $3,613,816.64. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 Monday, October 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $81.82, for a total value of $163,640.00.
• 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 value of $166,280.00.

Greif Stock Performance

Shares of NYSE:GEF traded down $0.60 during trading on Thursday, reaching $71.91. 62,416 shares of the stock were exchanged, compared to its average volume of 264,591. The company has a current ratio of 1.33, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.32 billion, a PE ratio of 16.35, a PEG ratio of 0.58 and a beta of 0.79. The stock has a 50-day moving average price of $81.20 and a 200-day moving average price of $74.70. Greif, Inc. has a 12 month low of $59.91 and a 12 month high of $90.57.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.25). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Greif had a net margin of 5.91% and a return on equity of 7.78%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Research analysts expect that Greif, Inc. will post 4.59 EPS for the current fiscal year.

Greif Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Thursday, December 17th will be given a $0.62 dividend. The ex-dividend date is Thursday, December 17th. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. Greif's payout ratio is presently 55.98%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GEF shares. Wells Fargo & Company reduced their target price on Greif from $90.00 to $88.00 and set a "cautious" rating on the stock in a report on Monday, October 19th. Truist Financial restated a "hold" rating and set a $88.00 price objective (down from $94.00) on shares of Greif in a research report on Thursday, November 5th. Wall Street Zen lowered Greif from a "buy" rating to a "hold" rating in a research note on Saturday, November 7th. Raymond James Financial raised shares of Greif from a "market perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Friday, October 16th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Greif in a research note on Friday, October 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $82.20.

Institutional Investors Weigh In On Greif

Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. increased its position in Greif by 268.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,300 shares of the industrial products company's stock valued at $103,000 after acquiring an additional 947 shares during the period. Lido Advisors LLC acquired a new position in shares of Greif during the third quarter worth $227,000. Vise Technologies Inc. bought a new stake in shares of Greif in the third quarter worth $229,000. Wedbush Securities Inc. bought a new stake in shares of Greif in the second quarter worth $218,000. Finally, Kestra Advisory Services LLC acquired a new stake in Greif in the third quarter valued at $254,000. 45.74% of the stock is owned by institutional investors.

About Greif

Greif, Inc. is a global industrial packaging company that makes products used to store and transport goods. Its offerings include steel, plastic and fiber drums, intermediate bulk containers, jerrycans and other rigid packaging, as well as reconditioned containers and related services. The company also provides packaging accessories and services such as container filling, supply-chain support and packaging design. Greif serves customers in industries including chemicals, food and beverage, petroleum and pharmaceuticals.

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