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

Greif Bros. Corporation (NYSE:GEF.B) saw an uptick in trading volume on Friday. 50,160 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 53,660 shares. The stock last traded at $107.9210 and had previously closed at $107.47.

Greif Bros. Price Performance

The stock has a market capitalization of $5.00 billion, a PE ratio of 30.41 and a beta of 0.57. 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 stock’s 50 day moving average price is $107.02 and its 200-day moving average price is $92.82.

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. 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 for the quarter.

Hedge Funds Weigh In On Greif Bros.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. in the 2nd quarter worth approximately $86,000. Paladin Partners LLC purchased a new stake in shares of Greif Bros. during the second quarter worth about $1,049,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Greif Bros. during the second quarter worth about $1,334,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

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.