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

Greif Bros. Corporation (NYSE:GEF.B) saw unusually-high trading volume on Monday. Approximately 90,709 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 58,810 shares. The stock last traded at $114.61 and had previously closed at $115.11.

Greif Bros. Stock Down 0.7%

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 has a market capitalization of $5.28 billion, a PE ratio of 32.11 and a beta of 0.62. The company’s fifty day moving average price is $109.09 and its 200-day moving average price is $93.80.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. in the second quarter valued at about $86,000. Paladin Partners LLC bought a new position in Greif Bros. during the second quarter valued at approximately $1,049,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Greif Bros. in the 2nd quarter worth about $1,334,000. 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 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.