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

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw an uptick in trading volume on Monday. 82,087 shares were traded during trading, an increase of 47% from the previous session’s volume of 55,668 shares. The stock last traded at $110.0660 and had previously closed at $110.64.

Greif Bros. Stock Up 0.1%

The firm’s fifty day moving average price is $108.38 and its 200-day moving average price is $95.57. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 31.11 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99.

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

Institutional Trading of Greif Bros.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC acquired a new stake in Greif Bros. during the 2nd quarter worth approximately $1,334,000. Paladin Partners LLC bought a new stake in Greif Bros. during the 2nd quarter worth approximately $1,049,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Greif Bros. during the 2nd quarter worth approximately $86,000. 5.13% of the stock is currently owned by institutional investors.

About Greif Bros.

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.