Key Points
- Timothy Bergwall, Greif's SVP, sold 2,000 shares on March 10 at an average price of $67.49 for about $134,980, trimming his stake to 71,832 shares (a 2.71% reduction); he also sold 2,000 shares in both February and January, indicating consecutive insider sales.
- Greif's most recent quarter missed estimates (EPS $0.48 vs. $0.69 consensus; revenue ~$994.8M vs. $1.02B expected), and the company declared a quarterly dividend of $0.56 ($2.24 annualized) yielding ~3.3% with a payout ratio of ~82.96%.
Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $67.49, for a total value of $134,980.00. Following the transaction, the senior vice president directly owned 71,832 shares of the company's stock, valued at $4,847,941.68. The trade was a 2.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Timothy Bergwall also recently made the following trade(s):
- On Tuesday, February 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $74.11, for a total value of $148,220.00.
- On Monday, January 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $71.54, for a total value of $143,080.00.
Greif Price Performance
GEF stock traded down $0.12 during trading on Thursday, hitting $67.34. The stock had a trading volume of 7,697 shares, compared to its average volume of 209,902. The company's 50 day moving average price is $72.29 and its two-hundred day moving average price is $65.89. Greif, Inc. has a 1-year low of $48.23 and a 1-year high of $77.14. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23.
Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.21). The firm had revenue of $994.80 million for the quarter, compared to analysts' expectations of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, sell-side analysts forecast that Greif, Inc. will post 4.11 EPS for the current fiscal year.
Greif Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be issued a $0.56 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.24 annualized dividend and a yield of 3.3%. Greif's payout ratio is 82.96%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Zacks Research raised Greif from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Wells Fargo & Company raised their price target on Greif from $73.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 19th. Robert W. Baird set a $75.00 price target on Greif in a report on Thursday, January 29th. Truist Financial upped their price objective on shares of Greif from $71.00 to $79.00 and gave the company a "hold" rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Greif from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $75.25.
Get Our Latest Research Report on Greif
Institutional Investors Weigh In On Greif
A number of institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Greif by 106.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company's stock worth $42,000 after acquiring an additional 317 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company's stock worth $40,000 after purchasing an additional 176 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Greif during the 4th quarter worth approximately $84,000. Simplex Trading LLC increased its position in Greif by 399.5% during the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company's stock worth $125,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Man Group plc purchased a new position in Greif in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 45.74% of the company's stock.
Greif Company Profile
(
Get Free Report)
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.
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