Greif Bros. (NYSE:GEF.B) Sees Strong Trading Volume – Here’s Why

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-high trading volume on Thursday . 56,753 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 49,230 shares.The stock last traded at $107.4750 and had previously closed at $107.32.

Greif Bros. Trading Up 0.6%

The business’s 50-day simple moving average is $101.47 and its 200-day simple moving average is $90.45. The company has a market cap of $4.98 billion, a PE ratio of 30.33 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23.

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

Institutional Investors Weigh In On Greif Bros.

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

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.