Greif Bros. (NYSE:GEF.B) Sees Large Volume Increase – Still a Buy?

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-high trading volume on Thursday . Approximately 74,707 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 50,171 shares.The stock last traded at $106.7590 and had previously closed at $107.04.

Greif Bros. Stock Down 0.8%

The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 29.83 and a beta of 0.57. The stock’s fifty day simple moving average is $103.02 and its two-hundred day simple moving average is $91.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99.

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 (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 for the quarter.

Institutional Trading of Greif Bros.

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