Key Points
- Greif SVP Timothy Bergwall sold 2,000 shares on May 11 at an average price of $67.66, totaling $135,320. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Bergwall has also sold 2,000 shares in each of the prior three months, signaling a steady pattern of insider selling. After the latest transaction, he still held 67,832 shares worth about $4.59 million.
- Greif’s latest quarterly results missed analyst expectations, with EPS of $1.10 versus $1.16 expected and revenue of $1.07 billion versus $1.10 billion forecast. Analysts currently have a Reduce consensus on the stock with a $73.50 price target.
Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $67.66, for a total value of $135,320.00. Following the completion of the sale, the senior vice president owned 67,832 shares in the company, valued at approximately $4,589,513.12. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 Friday, April 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $70.42, for a total value of $140,840.00.
- On Tuesday, March 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $67.49, for a total transaction of $134,980.00.
- On Tuesday, February 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $74.11, for a total value of $148,220.00.
Greif Price Performance
Greif stock opened at $66.58 on Tuesday. The business's fifty day moving average is $67.67 and its two-hundred day moving average is $67.71. The firm has a market cap of $3.07 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.69 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.28. Greif, Inc. has a 52 week low of $54.03 and a 52 week high of $77.14.
Greif (NYSE:GEF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a net margin of 7.27% and a return on equity of 7.50%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The company's revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Greif, Inc. will post 3.94 earnings per share for the current fiscal year.
Greif Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were issued a $0.56 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.24 annualized dividend and a yield of 3.4%. Greif's dividend payout ratio (DPR) is currently 85.82%.
Institutional Investors Weigh In On Greif
Several hedge funds have recently bought and sold shares of GEF. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 buying an additional 317 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Greif by 33.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 172 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Greif in the fourth quarter valued at about $84,000. Simplex Trading LLC grew its holdings in shares of Greif by 399.5% during the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company's stock valued at $125,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Greif during the first quarter worth $201,000. 45.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on GEF shares. Truist Financial decreased their price objective on Greif from $79.00 to $78.00 and set a "hold" rating for the company in a research note on Monday, May 4th. Zacks Research cut shares of Greif from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 16th. Wells Fargo & Company reduced their price target on Greif from $76.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 20th. Finally, Robert W. Baird set a $75.00 price objective on Greif in a report on Thursday, January 29th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $73.50.
Check Out Our Latest Analysis on GEF
About Greif
(
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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