Key Points
- Greif SVP Timothy Bergwall sold 2,000 shares at an average price of $81.82, totaling $163,640. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 51,832 shares.
- Greif reported quarterly earnings of $1.61 per share, beating the $1.11 analyst consensus, while revenue rose 3.5% year over year to $1.17 billion.
- The company maintains a quarterly dividend of $0.62 per share, 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 stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $81.82, for a total value of $163,640.00. Following the sale, the senior vice president owned 51,832 shares of the company's stock, valued at $4,240,894.24. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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.
Greif Stock Performance
Shares of GEF stock opened at $78.13 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. Greif, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $90.57. The stock has a 50 day moving average price of $83.95 and a two-hundred day moving average price of $75.05. The company has a market capitalization of $3.61 billion, a P/E ratio of 24.49, a PEG ratio of 0.60 and a beta of 0.77.
Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Analysts expect that Greif, Inc. will post 4.32 earnings per share for the current year.
Greif Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, September 17th. Greif's dividend payout ratio is currently 77.74%.
Analysts Set New Price Targets
GEF has been the subject of several analyst reports. Wall Street Zen raised shares of Greif from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Wells Fargo & Company raised their price target on shares of Greif from $74.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Bank of America cut shares of Greif from a "neutral" rating to an "underperform" rating and set a $70.00 price objective on the stock. in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Greif from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Finally, Truist Financial lowered their price objective on shares of Greif from $97.00 to $94.00 and set a "hold" rating for the company in a research note on Monday. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $82.25.
View Our Latest Report on Greif
Institutional Investors Weigh In On Greif
Several institutional investors and hedge funds have recently bought and sold shares of GEF. Caitong International Asset Management Co. Ltd grew its position in shares of Greif by 106.0% in the 4th 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 during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company's stock valued at $47,000 after buying an additional 172 shares during the period. Leonteq Securities AG purchased a new position in shares of Greif during the first quarter valued at approximately $201,000. Wedbush Securities Inc. bought a new position in shares of Greif during the second quarter valued at approximately $218,000. Finally, DGS Capital Management LLC bought a new position in shares of Greif during the fourth quarter valued at approximately $247,000. Hedge funds and other institutional investors own 45.74% of the company's stock.
Greif Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
