Timothy Bergwall Sells 2,000 Shares of Greif (NYSE:GEF) Stock

by · The Cerbat Gem

Greif, Inc. (NYSE:GEFGet Free Report) SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $70.42, for a total value of $140,840.00. Following the completion of the sale, the senior vice president owned 69,832 shares in the company, valued at $4,917,569.44. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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 value of $134,980.00.
  • On Tuesday, February 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $74.11, for a total value of $148,220.00.

Greif Price Performance

NYSE:GEF traded up $0.26 during trading hours on Thursday, reaching $67.71. The company had a trading volume of 63,773 shares, compared to its average volume of 221,515. The stock has a 50-day moving average of $70.07 and a two-hundred day moving average of $66.76. Greif, Inc. has a one year low of $50.64 and a one year high of $77.14. The firm has a market capitalization of $3.13 billion, a PE ratio of 25.09, a PEG ratio of 0.57 and a beta of 0.92. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.23.

Greif (NYSE:GEFGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). The company had revenue of $994.80 million during the quarter, compared to the consensus estimate of $1.02 billion. Greif had a net margin of 7.52% and a return on equity of 8.46%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. Analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.24 dividend on an annualized basis and a yield of 3.3%. Greif’s payout ratio is currently 82.96%.

Hedge Funds Weigh In On Greif

Large investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of Greif by 6.5% during the third quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after acquiring an additional 54,256 shares during the period. AlphaQuest LLC acquired a new position in Greif in the third quarter valued at about $1,220,000. Envestnet Asset Management Inc. lifted its stake in Greif by 10.2% in the third quarter. Envestnet Asset Management Inc. now owns 144,524 shares of the industrial products company’s stock valued at $8,637,000 after buying an additional 13,393 shares during the period. Principal Financial Group Inc. lifted its stake in Greif by 30.6% in the third quarter. Principal Financial Group Inc. now owns 78,173 shares of the industrial products company’s stock valued at $4,672,000 after buying an additional 18,339 shares during the period. Finally, Swedbank AB acquired a new position in Greif in the third quarter valued at about $3,203,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GEF shares. Robert W. Baird set a $75.00 price objective on Greif in a research note on Thursday, January 29th. Wells Fargo & Company reduced their price objective on Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Truist Financial boosted their price objective on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Finally, Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Greif presently has a consensus rating of “Hold” and a consensus price target of $73.75.

Check Out Our Latest Analysis on GEF

Greif Company Profile

(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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