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

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw an uptick in trading volume on Wednesday . 65,336 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 51,587 shares.The stock last traded at $107.7170 and had previously closed at $105.67.

Greif Bros. Stock Up 2.0%

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 stock has a market capitalization of $5.04 billion, a PE ratio of 30.69 and a beta of 0.57. The company has a 50 day moving average price of $104.92 and a 200-day moving average price of $91.97.

Greif Bros. (NYSE:GEF.B) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS 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 large investors have recently modified their holdings of GEF.B. Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. during the second quarter valued at about $86,000. Great Lakes Advisors LLC purchased a new stake in Greif Bros. in the second quarter worth about $1,334,000. Finally, Paladin Partners LLC purchased a new stake in Greif Bros. in the second quarter worth about $1,049,000. 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 manufacturer of industrial packaging products and paper-based packaging solutions. The company serves manufacturers and other businesses that require packaging for transporting, protecting and storing goods.

Its products include rigid industrial containers such as steel, fiber and plastic drums, intermediate bulk containers and related closures. Greif also provides flexible intermediate bulk containers, containerboard, corrugated sheets and products, paperboard tubes and cores, protective packaging, and packaging services.