Greif Bros. (NYSE:GEF.B) Sees Large Volume Increase – Here’s Why

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw unusually-high trading volume on Friday. Approximately 107,328 shares changed hands during trading, an increase of 79% from the average daily volume of 59,921 shares. The stock last traded at $99.5450 and had previously closed at $99.90.

Greif Bros. Price Performance

The company has a current ratio of 1.33, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $108.67 and a two-hundred day moving average price of $94.82. The firm has a market cap of $4.63 billion, a P/E ratio of 20.72 and a beta of 0.62.

Greif Bros. (NYSE:GEF.B) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter. The business had revenue of $1.14 billion during the quarter. Greif Bros. had a return on equity of 13.03% and a net margin of 5.91%.

Institutional Investors Weigh In On Greif Bros.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Greif Bros. during the second quarter worth about $86,000. Paladin Partners LLC acquired a new position in Greif Bros. during the second quarter valued at approximately $1,049,000. Finally, Great Lakes Advisors LLC bought a new position in Greif Bros. in the second quarter valued at approximately $1,334,000. 5.13% of the stock is owned by institutional investors.

About Greif Bros.

Greif, Inc., formerly known as Greif Bros., is a global packaging company that traces its history to 1877, when it began as a manufacturer of wooden barrels. Today, it makes and sells packaging products for industrial, consumer, and other markets. Its products include steel and plastic drums, intermediate bulk containers, containerboard, corrugated packaging, and paperboard packaging. Greif also provides related services, including packaging reconditioning and recycling, filling, and logistics support.