Shares of Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 56,753 shares traded hands during 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. Stock Performance
The company has a market cap of $4.98 billion, a price-to-earnings ratio of 30.33 and a beta of 0.57. 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 firm has a fifty day simple moving average of $101.47 and a 200 day simple moving average of $90.45.
Greif Bros. (NYSE:GEF.B – Get Free Report) 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 business had revenue of $1.17 billion during the quarter.
Hedge Funds Weigh In On Greif Bros.
A number of institutional investors have recently made changes to their positions in the business. Great Lakes Advisors LLC acquired a new position in shares of Greif Bros. during the 2nd quarter worth about $1,334,000. Paladin Partners LLC acquired a new stake in Greif Bros. in the 2nd quarter valued at approximately $1,049,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Greif Bros. in the 2nd quarter valued at approximately $86,000. 5.13% of the stock is currently owned by institutional investors.
Greif Bros. Company Profile
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.
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