Greif (NYSE:GEF) SVP Sells $166,280.00 in Stock

by · The Cerbat Gem

Greif, Inc. (NYSE:GEFGet Free Report) SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $83.14, for a total value of $166,280.00. Following the transaction, the senior vice president directly owned 53,832 shares of the company’s stock, valued at $4,475,592.48. This represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction 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 transaction of $511,560.00.
  • On Friday, July 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $73.14, for a total transaction of $146,280.00.

Greif Stock Down 0.8%

NYSE GEF traded down $0.67 during trading hours on Monday, reaching $81.65. 341,206 shares of the company’s stock traded hands, compared to its average volume of 238,094. Greif, Inc. has a 52-week low of $55.75 and a 52-week high of $90.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $82.47 and a 200 day simple moving average of $72.89. The firm has a market cap of $3.77 billion, a PE ratio of 25.59, a PEG ratio of 0.73 and a beta of 0.74.

Greif (NYSE:GEFGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. Greif had a net margin of 7.53% and a return on equity of 8.09%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Greif, Inc. will post 4.3 EPS for the current fiscal year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a $0.62 dividend. The ex-dividend date is Thursday, September 17th. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. Greif’s dividend payout ratio is presently 77.74%.

Hedge Funds Weigh In On Greif

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its position in Greif by 18.6% in the 2nd 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 during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Greif by 362.2% during the 2nd quarter. Engineers Gate Manager LP now owns 31,706 shares of the industrial products company’s stock valued at $2,362,000 after acquiring an additional 24,846 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Greif by 29.1% in the second 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 period. Odyssean LLC grew its stake in shares of Greif by 500.8% in the second quarter. Odyssean LLC now owns 18,506 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 15,426 shares during the period. Finally, AXQ Capital LP raised its holdings in shares of Greif by 21.3% during the second 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 owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GEF. Truist Financial reissued a “hold” rating and issued a $97.00 target price (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Wall Street Zen raised Greif from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company increased their price objective on shares of Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.00.

Check Out Our Latest Stock Analysis on Greif

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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