Greif Bros. (NYSE:GEF.B) Hits New 12-Month High – What’s Next?

Greif Bros. Corporation (NYSE:GEF.B)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $115.58 and last traded at $115.2460, with a volume of 823 shares changing hands. The stock had previously closed at $113.14.

Greif Bros. Stock Performance

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 firm has a market capitalization of $5.31 billion, a PE ratio of 32.31 and a beta of 0.62. The firm’s fifty day moving average price is $108.46 and its 200 day moving average price is $96.08.

Greif Bros. (NYSE:GEF.B) last issued its quarterly earnings data 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 firm had revenue of $1.17 billion for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Greif Bros. during the second quarter worth approximately $86,000. Paladin Partners LLC bought a new stake in shares of Greif Bros. in the second quarter valued at approximately $1,049,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Greif Bros. in the second quarter worth $1,334,000. 5.13% of the stock is owned by institutional investors.

About Greif Bros.

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.