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 on Thursday. The stock traded as high as $115.58 and last traded at $115.2460, with a volume of 823 shares traded. The stock had previously closed at $113.14.

Greif Bros. Trading Up 0.6%

The firm has a market capitalization of $5.31 billion, a P/E ratio of 32.31 and a beta of 0.62. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $108.46 and a 200-day moving average price of $96.08.

Greif Bros. (NYSE:GEF.B) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On Greif Bros.

A number of hedge funds have recently made changes to their positions in GEF.B. Public Employees Retirement System of Ohio acquired a new position in shares of Greif Bros. in the 2nd quarter valued at $86,000. Great Lakes Advisors LLC bought a new position in shares of Greif Bros. during the 2nd quarter worth about $1,334,000. Finally, Paladin Partners LLC acquired a new stake in shares of Greif Bros. during the 2nd quarter valued at about $1,049,000. Institutional investors and hedge funds own 5.13% of the company’s stock.

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.