Greif (NYSE:GEF) SVP Timothy Bergwall Sells 2,000 Shares of Company Stock

Key Points

• Greif SVP Timothy Bergwall sold 2,000 shares at an average price of $81.82, generating $163,640. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 51,832 shares.
• Greif reported quarterly EPS of $1.61, exceeding estimates of $1.11, while revenue rose 3.5% year over year to $1.17 billion. Shares recently traded at $78.19, below the 50-day moving average of $84.19.
• The company maintains a quarterly dividend of $0.62, or $2.48 annually, representing a 3.2% yield. Analysts’ average rating is Hold, with an average price target of $82.25.

Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the company's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $81.82, for a total transaction of $163,640.00. Following the sale, the senior vice president directly owned 51,832 shares of the company's stock, valued at approximately $4,240,894.24. This represents a 3.72% decrease in their ownership of the stock. 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 Thursday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $83.14, for a total value of $166,280.00.
• On Monday, August 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were 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 shares were sold at an average price of $85.26, for a total value of $511,560.00.

Greif Price Performance

NYSE:GEF traded down $0.32 during mid-day trading on Wednesday, hitting $78.19. The company's stock had a trading volume of 34,420 shares, compared to its average volume of 254,111. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $84.19 and a 200-day moving average of $74.97. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.60 and a beta of 0.77. Greif, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $90.57.

Greif (NYSE:GEF - Get Free Report) last posted 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $0.86 EPS. Greif's revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Greif, Inc. will post 4.32 EPS for the current fiscal year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.2%. Greif's dividend payout ratio (DPR) is currently 77.74%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in Greif by 12.1% in the second quarter. QRG Capital Management Inc. now owns 8,015 shares of the industrial products company's stock worth $597,000 after purchasing an additional 862 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Greif by 18.6% in the second quarter. Sequoia Financial Advisors LLC now owns 21,021 shares of the industrial products company's stock worth $1,566,000 after purchasing an additional 3,304 shares during the period. Engineers Gate Manager LP increased its stake in Greif by 362.2% in the second quarter. Engineers Gate Manager LP now owns 31,706 shares of the industrial products company's stock valued at $2,362,000 after purchasing an additional 24,846 shares in the last quarter. Squarepoint Ops LLC increased its stake in Greif by 29.1% in the second quarter. Squarepoint Ops LLC now owns 36,906 shares of the industrial products company's stock valued at $2,749,000 after purchasing an additional 8,322 shares in the last quarter. Finally, Odyssean LLC increased its stake in Greif by 500.8% in the second quarter. Odyssean LLC now owns 18,506 shares of the industrial products company's stock valued at $1,379,000 after purchasing an additional 15,426 shares in the last quarter. Institutional investors own 45.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GEF shares. Truist Financial cut their price target on Greif from $97.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday. 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. Wall Street Zen upgraded shares of Greif from a "hold" rating to a "buy" rating in a research note 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 on the stock. in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Greif from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $82.25.

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.

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