Greif Bros. (NYSE:GEF.B) Sets New 1-Year High – What’s Next?

Greif Bros. Corporation (NYSE:GEF.B) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $113.99 and last traded at $113.1260, with a volume of 5346 shares. The stock had previously closed at $111.02.

Greif Bros. Trading Up 0.9%

The business has a 50-day moving average of $96.48 and a 200-day moving average of $88.77. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 31.68 and a beta of 0.58. 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 Bros. (NYSE:GEF.B) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.The company had revenue of $1.17 billion for the quarter.

Institutional Trading of Greif Bros.

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Greif Bros. during the 2nd quarter worth $86,000. Paladin Partners LLC acquired a new position in Greif Bros. in the second quarter valued at $1,049,000. Finally, Great Lakes Advisors LLC acquired a new position in Greif Bros. in the second quarter valued at $1,334,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.