Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Time to Buy?

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-strong trading volume on Thursday . 56,753 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 49,230 shares.The stock last traded at $107.4750 and had previously closed at $107.32.

Greif Bros. Stock Performance

The stock’s fifty day moving average price is $102.10 and its two-hundred day moving average price is $90.72. 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 company has a market cap of $5.01 billion, a P/E ratio of 30.50 and a beta of 0.57.

Greif Bros. (NYSE:GEF.B) last posted its quarterly 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 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.

Large investors have recently modified their holdings of the business. Great Lakes Advisors LLC bought a new position in shares of Greif Bros. in the 2nd quarter valued at $1,334,000. Paladin Partners LLC bought a new stake in shares of Greif Bros. during the 2nd quarter worth $1,049,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Greif Bros. during the 2nd quarter worth $86,000. Institutional investors and hedge funds own 5.13% of the company’s stock.

About Greif Bros.

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.