Greif Bros. (NYSE:GEF.B) Reaches New 1-Year High – Should You Buy?

Greif Bros. Corporation (NYSE:GEF.B)’s stock price reached a new 52-week high on Thursday. The company traded as high as $115.58 and last traded at $115.2460, with a volume of 823 shares. The stock had previously closed at $113.14.

Greif Bros. Trading Down 1.9%

The company has a fifty day moving average of $108.59 and a 200-day moving average of $96.40. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23.

Greif Bros. (NYSE:GEF.B) last released its earnings results 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 during the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.

Institutional Trading of Greif Bros.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Greif Bros. in the second quarter valued at $86,000. Paladin Partners LLC acquired a new position in Greif Bros. during the 2nd quarter worth $1,049,000. Finally, Great Lakes Advisors LLC purchased a new stake in Greif Bros. during the 2nd quarter worth about $1,334,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.

Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.