Key Points
- Greif SVP Timothy Bergwall sold 2,000 shares at an average price of $83.14, generating $166,280. The transaction, conducted under a Rule 10b5-1 plan, reduced his direct ownership by 3.58% to 53,832 shares.
- Greif recently reported stronger-than-expected quarterly results, with earnings of $1.61 per share and revenue of $1.17 billion, up 3.5% year over year.
- The company declared a quarterly dividend of $0.62 per share, or $2.48 annually, representing a 3.0% yield. Analysts’ consensus rating is Hold, with an average price target of $83.
Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $83.14, for a total value of $166,280.00. Following the sale, the senior vice president directly owned 53,832 shares in the company, valued at approximately $4,475,592.48. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Timothy Bergwall also recently made the following trade(s):
- 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 value of $174,120.00.
- On Monday, August 3rd, Timothy Bergwall sold 6,000 shares of Greif stock. The stock was sold at an average price of $85.26, for a total value of $511,560.00.
- On Friday, July 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $73.14, for a total value of $146,280.00.
Greif Stock Performance
Shares of NYSE GEF opened at $81.65 on Tuesday. The business has a fifty day simple moving average of $82.62 and a 200 day simple moving average of $72.95. 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 firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.73 and a beta of 0.74. Greif, Inc. has a one year low of $55.75 and a one year high of $90.57.
Greif (NYSE:GEF - Get Free Report) last issued 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $0.86 earnings per share. Greif's quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Greif, Inc. will post 4.3 EPS for the current year.
Greif Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 17th. Greif's dividend payout ratio (DPR) is presently 77.74%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Bank of America lowered shares of Greif from a "neutral" rating to an "underperform" rating and set a $70.00 price target for the company. in a research report on Tuesday, July 14th. Weiss Ratings upgraded Greif from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Wall Street Zen raised Greif from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Zacks Research upgraded Greif from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 21st. Finally, Wells Fargo & Company boosted their price target on Greif from $74.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $83.00.
Check Out Our Latest Report on Greif
Hedge Funds Weigh In On Greif
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Greif by 18.6% during the second quarter. Sequoia Financial Advisors LLC now owns 21,021 shares of the industrial products company's stock worth $1,566,000 after buying an additional 3,304 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Greif by 362.2% in the 2nd quarter. Engineers Gate Manager LP now owns 31,706 shares of the industrial products company's stock worth $2,362,000 after acquiring an additional 24,846 shares in the last quarter. Squarepoint Ops LLC grew its position in Greif by 29.1% during the 2nd quarter. Squarepoint Ops LLC now owns 36,906 shares of the industrial products company's stock worth $2,749,000 after acquiring an additional 8,322 shares during the last quarter. Odyssean LLC increased its holdings in Greif by 500.8% during the 2nd 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. Finally, AXQ Capital LP raised its position in Greif by 21.3% in the 2nd quarter. AXQ Capital LP now owns 4,487 shares of the industrial products company's stock valued at $334,000 after purchasing an additional 789 shares during the last quarter. 45.74% of the stock is currently owned by institutional investors and hedge funds.
About Greif
(
Get Free Report)
Greif, Inc (NYSE: GEF) is a global packaging company that produces and sells industrial packaging products and paper-based packaging materials. Its offerings include fiber, steel and plastic drums; intermediate bulk containers; containerboard and corrugated products; paperboard tubes and cores; and related closure systems and services.
The company serves customers in industries such as chemicals, food and beverage, agriculture, pharmaceuticals, petroleum, and other industrial markets. Greif's packaging products are designed to help customers transport, protect and store bulk materials, while its paper and corrugated products support a broad range of commercial and industrial applications.
Greif traces its history to 1877, when it was founded as a cooperage business in Cleveland, Ohio.
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