Greif Bros. (NYSE:GEF.B) Sees Strong Trading Volume – Should You Buy?

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw unusually-strong trading volume on Wednesday . Approximately 49,166 shares changed hands during trading, an increase of 1% from the previous session’s volume of 48,712 shares.The stock last traded at $108.9790 and had previously closed at $107.74.

Greif Bros. Stock Up 1.1%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. The stock’s 50-day moving average price is $99.03 and its two-hundred day moving average price is $89.61. The stock has a market capitalization of $5.03 billion, a PE ratio of 30.59 and a beta of 0.58.

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

Institutional Trading of Greif Bros.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Greif Bros. during the second quarter valued at $86,000. Paladin Partners LLC purchased a new stake in shares of Greif Bros. in the second quarter worth $1,049,000. Finally, Great Lakes Advisors LLC bought a new position in shares of Greif Bros. during the second quarter valued at $1,334,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

Greif Bros. Company Profile

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.