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

Greif Bros. Corporation (NYSE:GEF.B) reached a new 52-week high during mid-day 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 company has a 50 day simple moving average of $96.48 and a 200 day simple moving average of $88.77. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.17 billion, a PE ratio of 31.68 and a beta of 0.58.

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

Hedge Funds Weigh In On Greif Bros.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Greif Bros. in the 2nd quarter worth $86,000. Great Lakes Advisors LLC purchased a new stake in shares of Greif Bros. in the second quarter valued at about $1,334,000. Finally, Paladin Partners LLC purchased a new stake in shares of Greif Bros. in the second quarter valued at about $1,049,000. 5.13% of the stock is owned by institutional investors and hedge funds.

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.