Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as $117.33 and last traded at $115.6450, with a volume of 125,128 shares trading hands. The stock had previously closed at $116.57.
Greif Bros. Stock Performance
The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 32.03 and a beta of 0.62. The company’s fifty day simple moving average is $108.82 and its two-hundred day simple moving average is $93.28.
Greif Bros. (NYSE:GEF.B – Get 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 company had revenue of $1.17 billion during the quarter.
Institutional Investors Weigh In On Greif Bros.
A number of institutional investors have recently made changes to their positions in GEF.B. Public Employees Retirement System of Ohio bought a new position in Greif Bros. during the second quarter worth $86,000. Paladin Partners LLC acquired a new position in Greif Bros. in the second quarter worth $1,049,000. Finally, Great Lakes Advisors LLC acquired a new position in Greif Bros. in the second quarter worth $1,334,000. 5.13% of the stock is currently owned by institutional investors.
Greif Bros. Company Profile
Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.
Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.
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