Greif Bros. (NYSE:GEF.B) Sees Strong Trading Volume – What’s Next?

Greif Bros. Corporation (NYSE:GEF.B) shares saw an uptick in trading volume on Tuesday. Approximately 58,400 shares traded hands during trading, an increase of 2% from the average daily volume of 57,030 shares. The stock last traded at $114.9750 and had previously closed at $114.75.

Greif Bros. Stock Performance

The stock’s 50-day moving average price is $108.93 and its 200 day moving average price is $93.46. 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 market cap of $5.35 billion, a P/E ratio of 32.55 and a beta of 0.62.

Greif Bros. (NYSE:GEF.B) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.46 earnings per share for the quarter. The company had revenue of $1.17 billion during the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.

Institutional Investors Weigh In On Greif Bros.

A number of institutional investors have recently made changes to their positions in GEF.B. Great Lakes Advisors LLC acquired a new position in Greif Bros. in the 2nd quarter valued at $1,334,000. Paladin Partners LLC acquired a new position in shares of Greif Bros. in the 2nd quarter valued at approximately $1,049,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Greif Bros. during the second quarter valued at approximately $86,000. Institutional investors own 5.13% of the company’s stock.

Greif Bros. Company Profile

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.

Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.