Greif Bros. (NYSE:GEF.B) Sets New 52-Week High – Time to Buy?

Shares of Greif Bros. Corporation (NYSE:GEF.B) hit a new 52-week high on Tuesday . The stock traded as high as $113.99 and last traded at $114.3890, with a volume of 68011 shares trading hands. The stock had previously closed at $109.65.

Greif Bros. Trading Down 2.2%

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 has a market capitalization of $5.13 billion, a PE ratio of 31.20 and a beta of 0.57. The business’s 50-day moving average is $106.73 and its two-hundred day moving average is $92.65.

Greif Bros. (NYSE:GEF.B) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. The company had revenue of $1.17 billion during the quarter. Greif Bros. had a net margin of 7.53% and a return on equity of 13.66%.

Hedge Funds Weigh In On Greif Bros.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. during the 2nd quarter worth approximately $86,000. Great Lakes Advisors LLC purchased a new stake in shares of Greif Bros. during the 2nd quarter worth $1,334,000. Finally, Paladin Partners LLC acquired a new position in shares of Greif Bros. during the 2nd quarter worth $1,049,000. Institutional investors and hedge funds own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc, formerly known as Greif Bros. Corporation, is a global manufacturer of industrial packaging products and paper-based packaging solutions. The company serves manufacturers and other businesses that require packaging for transporting, protecting and storing goods.

Its products include rigid industrial containers such as steel, fiber and plastic drums, intermediate bulk containers and related closures. Greif also provides flexible intermediate bulk containers, containerboard, corrugated sheets and products, paperboard tubes and cores, protective packaging, and packaging services.