Greif Bros. (NYSE:GEF.B) Sets New 12-Month High – Time to Buy?

Greif Bros. Corporation (NYSE:GEF.B)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $113.99 and last traded at $113.1260, with a volume of 5346 shares traded. The stock had previously closed at $111.02.

Greif Bros. Stock Performance

The company has a market capitalization of $5.10 billion, a P/E ratio of 31.04 and a beta of 0.58. The company’s 50 day moving average is $97.62 and its 200-day moving average is $89.17. 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 posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. The business had revenue of $1.17 billion for the quarter. Greif Bros. had a net margin of 7.53% and a return on equity of 13.66%.

Institutional Investors Weigh In On Greif Bros.

Several large investors have recently bought and sold shares of GEF.B. Paladin Partners LLC bought a new position in shares of Greif Bros. in the 2nd quarter worth approximately $1,049,000. Public Employees Retirement System of Ohio bought a new position in Greif Bros. in the 2nd quarter worth $86,000. Finally, Great Lakes Advisors LLC bought a new position in shares of Greif Bros. in the second quarter worth about $1,334,000. 5.13% of the stock is currently owned by institutional investors.

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.