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

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw unusually-strong trading volume on Wednesday . Approximately 49,166 shares changed hands during mid-day 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. Price Performance

The company’s 50-day moving average is $99.91 and its 200-day moving average is $89.91. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 30.32 and a beta of 0.58. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23.

Greif Bros. (NYSE:GEF.B) last announced its quarterly earnings data 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 during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in Greif Bros. in the second quarter valued at approximately $86,000. Paladin Partners LLC bought a new stake in shares of Greif Bros. in the 2nd quarter valued at about $1,049,000. Finally, Great Lakes Advisors LLC acquired a new stake in Greif Bros. during the 2nd quarter valued at approximately $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.