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

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw an uptick in trading volume on Monday. Approximately 66,588 shares were traded during mid-day trading, an increase of 20% from the previous session’s volume of 55,395 shares. The stock last traded at $106.6090 and had previously closed at $108.04.

Greif Bros. Trading Down 1.3%

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 company has a market cap of $4.92 billion, a P/E ratio of 29.95 and a beta of 0.62. The business has a 50-day moving average price of $108.70 and a two-hundred day moving average price of $94.76.

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

Institutional Trading of Greif Bros.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Greif Bros. during the second quarter worth $86,000. Great Lakes Advisors LLC bought a new position in Greif Bros. during the second quarter worth about $1,334,000. Finally, Paladin Partners LLC acquired a new position in shares of Greif Bros. during the 2nd quarter worth approximately $1,049,000. 5.13% of the stock is currently owned by institutional investors.

Greif Bros. Company Profile

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial packaging and paper-based products. The company serves manufacturers and other commercial customers that require packaging for chemicals, food and beverage products, agricultural materials, petroleum products and other goods.

Its product portfolio includes steel, fiber and plastic drums; rigid intermediate bulk containers; flexible intermediate bulk containers; containerboard; corrugated sheets and packaging; and related paper products and services.