Greif Bros. (NYSE:GEF.B) Sets New 12-Month High – Should You Buy?

Greif Bros. Corporation (NYSE:GEF.B)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $113.99 and last traded at $114.3890, with a volume of 68011 shares changing hands. The stock had previously closed at $109.65.

Greif Bros. Stock Performance

The company has a market cap of $5.29 billion, a PE ratio of 32.21 and a beta of 0.57. 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 stock’s 50-day simple moving average is $105.74 and its 200 day simple moving average is $92.28.

Greif Bros. (NYSE:GEF.B) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 earnings per share (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.

Hedge Funds Weigh In On Greif Bros.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC purchased a new stake in shares of Greif Bros. in the second quarter valued at approximately $1,334,000. Paladin Partners LLC acquired a new stake in Greif Bros. in the second quarter valued at $1,049,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Greif Bros. in the second quarter valued at $86,000. Institutional investors and hedge funds own 5.13% of the company’s stock.

About Greif Bros.

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.