Great Lakes Advisors LLC Invests $1.33 Million in Greif Bros. Corporation $GEF.B

Great Lakes Advisors LLC purchased a new stake in shares of Greif Bros. Corporation (NYSE:GEF.B) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,905 shares of the industrial products company’s stock, valued at approximately $1,334,000.

Separately, Paladin Partners LLC purchased a new stake in Greif Bros. in the second quarter worth about $1,049,000. Institutional investors and hedge funds own 5.13% of the company’s stock.

Greif Bros. Stock Up 1.2%

Shares of Greif Bros. stock opened at $111.29 on Friday. 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. Corporation has a 1 year low of $57.63 and a 1 year high of $113.99. The firm’s 50-day moving average is $98.14 and its two-hundred day moving average is $89.32. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 31.26 and a beta of 0.58.

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

Greif Bros. Profile

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.