Greif Bros. (NYSE:GEF.B) Sets New 1-Year High – What’s Next?

Greif Bros. Corporation (NYSE:GEF.B)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $113.99 and last traded at $114.3890, with a volume of 68011 shares changing hands. The stock had previously closed at $109.65.

Greif Bros. Price Performance

The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 32.21 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. The company’s 50 day moving average is $105.74 and its 200 day moving average is $92.28.

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

Institutional Inflows and Outflows

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