Greif, Inc. (NYSE:GEF – Get Free Report) SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction that occurred 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 sale, the senior vice president directly owned 65,832 shares in the company, valued at $4,296,196.32. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Monday, May 11th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was 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 stock was sold at an average price of $70.42, for a total value of $140,840.00.
Greif Stock Up 2.0%
Shares of GEF opened at $68.41 on Friday. The company has a market capitalization of $3.16 billion, a P/E ratio of 26.21, a PEG ratio of 0.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00. Greif, Inc. has a one year low of $55.75 and a one year high of $77.14. The business’s 50 day simple moving average is $66.04 and its 200-day simple moving average is $68.47.
Greif Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, June 17th. This is an increase from Greif’s previous quarterly dividend of $0.56. Greif’s dividend payout ratio (DPR) is presently 85.82%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Readystate Asset Management LP acquired a new position in Greif during the 1st quarter worth $871,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Greif during the 1st quarter worth $1,853,000. Sei Investments Co. lifted its holdings in Greif by 61.5% during the 1st quarter. Sei Investments Co. now owns 15,165 shares of the industrial products company’s stock worth $1,017,000 after buying an additional 5,775 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Greif by 5.9% during the 1st quarter. Principal Financial Group Inc. now owns 90,939 shares of the industrial products company’s stock worth $6,099,000 after buying an additional 5,071 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Greif by 193.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 17,717 shares of the industrial products company’s stock worth $1,188,000 after buying an additional 11,670 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on GEF shares. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Truist Financial reduced their target price on Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company reduced their target price on Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Finally, Weiss Ratings downgraded Greif from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.50.
Get Our Latest Analysis on Greif
Greif Company Profile
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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