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

Shares of Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) saw unusually-high trading volume on Monday. 66,588 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 55,395 shares. The stock last traded at $106.6090 and had previously closed at $108.04.

Greif Bros. Stock Down 0.4%

The firm’s 50-day simple moving average is $108.52 and its 200-day simple moving average is $95.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29.

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

Hedge Funds Weigh In On Greif Bros.

A number of large investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC bought a new position in shares of Greif Bros. in the second quarter worth approximately $1,334,000. Paladin Partners LLC bought a new stake in Greif Bros. during the 2nd quarter valued at $1,049,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Greif Bros. during the 2nd quarter valued at $86,000. 5.13% of the stock is owned by hedge funds and other institutional investors.

Greif Bros. Company Profile

(Get Free Report)

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial packaging and paper-based products. The company serves manufacturers and other commercial customers that require packaging for chemicals, food and beverage products, agricultural materials, petroleum products and other goods.

Its product portfolio includes steel, fiber and plastic drums; rigid intermediate bulk containers; flexible intermediate bulk containers; containerboard; corrugated sheets and packaging; and related paper products and services.

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