Key Points
- Greif SVP Timothy Bergwall sold 2,000 shares on June 10 at an average price of $65.26, totaling $130,520. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Bergwall still held 65,832 shares worth about $4.3 million, and this latest sale trimmed his position by 2.95%. He had also sold 2,000 shares in each of the prior two months.
- Greif recently raised its quarterly dividend to $0.62 per share, while its latest earnings missed analyst estimates on both EPS and revenue. Wall Street currently has a Hold consensus on the stock with an average target price of $73.50.
Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the firm's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $65.26, for a total value of $130,520.00. Following the completion of the sale, the senior vice president directly owned 65,832 shares in the company, valued at approximately $4,296,196.32. This represents a 2.95% decrease in their position. The sale was disclosed in a filing 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 Monday, May 11th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $67.66, for a total value of $135,320.00.
- 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.
Greif Trading Up 4.1%
Shares of GEF stock opened at $67.17 on Friday. The stock's fifty day moving average price is $66.02 and its two-hundred day moving average price is $68.47. The company has a market cap of $3.10 billion, a PE ratio of 25.73, a P/E/G ratio of 0.67 and a beta of 0.80. Greif, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $77.14. 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 (NYSE:GEF - Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.06). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. Equities analysts predict that Greif, Inc. will post 3.87 EPS for the current fiscal year.
Greif Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, June 17th. This is a positive change from Greif's previous quarterly dividend of $0.56. Greif's dividend payout ratio is currently 85.82%.
Wall Street Analysts Forecast Growth
GEF has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Greif from $76.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 20th. Weiss Ratings cut Greif from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, June 2nd. Zacks Research upgraded Greif from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 21st. Finally, Truist Financial dropped their price target on Greif from $79.00 to $78.00 and set a "hold" rating for the company in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $73.50.
Get Our Latest Analysis on Greif
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GEF. Caitong International Asset Management Co. Ltd raised its position in Greif by 106.0% during 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 during the last quarter. Rockefeller Capital Management L.P. raised its position in Greif by 33.3% during the 4th 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 last quarter. Exchange Traded Concepts LLC bought a new position in Greif during the 4th quarter worth $84,000. Simplex Trading LLC raised 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 during the last quarter. Finally, Leonteq Securities AG bought a new position in Greif during the 1st quarter worth $201,000. 45.74% of the stock is owned by institutional investors.
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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