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

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw an uptick in trading volume on Wednesday . 65,336 shares traded hands during trading, an increase of 27% from the previous session’s volume of 51,587 shares.The stock last traded at $107.7170 and had previously closed at $105.67.

Greif Bros. Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 30.37 and a beta of 0.57. The company has a 50-day simple moving average of $104.14 and a two-hundred day simple moving average of $91.67.

Greif Bros. (NYSE:GEF.B) last released its quarterly 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 during the quarter.

Institutional Inflows and Outflows

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

Greif Bros. Company Profile

Greif, Inc, formerly known as Greif Bros. Corporation, is a global manufacturer of industrial packaging products and paper-based packaging solutions. The company serves manufacturers and other businesses that require packaging for transporting, protecting and storing goods.

Its products include rigid industrial containers such as steel, fiber and plastic drums, intermediate bulk containers and related closures. Greif also provides flexible intermediate bulk containers, containerboard, corrugated sheets and products, paperboard tubes and cores, protective packaging, and packaging services.