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

Shares of Greif Bros. Corporation (NYSE:GEF.BGet Free Report) saw strong trading volume on Thursday . 65,551 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 46,594 shares.The stock last traded at $113.1360 and had previously closed at $111.77.

Greif Bros. Stock Down 0.4%

The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 31.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. The firm’s fifty day moving average price is $95.29 and its 200-day moving average price is $88.35.

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

Institutional Investors Weigh In On Greif Bros.

A hedge fund recently bought a new position in Greif Bros. stock. Paladin Partners LLC bought a new stake in Greif Bros. Corporation (NYSE:GEF.BFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,216 shares of the industrial products company’s stock, valued at approximately $1,049,000. Greif Bros. comprises 0.7% of Paladin Partners LLC’s portfolio, making the stock its 23rd largest position. 5.13% of the stock is currently owned by hedge funds and other institutional investors.

About Greif Bros.

(Get Free Report)

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.

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