Greif Bros. (NYSE:GEF.B) Sees Large Volume Increase – Here’s What Happened

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-high trading volume on Wednesday . 65,336 shares traded hands during 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. Trading Up 2.4%

The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 30.37 and a beta of 0.57. The business’s fifty day simple moving average is $104.14 and its 200 day simple moving average is $91.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99.

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

Institutional Investors Weigh In On Greif Bros.

Several institutional investors and hedge funds have recently bought and sold shares of GEF.B. Public Employees Retirement System of Ohio bought a new position in Greif Bros. in the second quarter worth about $86,000. Great Lakes Advisors LLC bought a new position in shares of Greif Bros. during the second quarter valued at approximately $1,334,000. Finally, Paladin Partners LLC acquired a new stake in shares of Greif Bros. during the 2nd quarter worth approximately $1,049,000. Institutional investors and hedge funds 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.