Greif Bros. (NYSE:GEF.B) Sees Strong Trading Volume – Here’s What Happened

Greif Bros. Corporation (NYSE:GEF.B) shares saw strong trading volume on Thursday . Approximately 65,551 shares traded hands during trading, an increase of 41% from the previous session’s volume of 46,594 shares.The stock last traded at $113.1360 and had previously closed at $111.77.

Greif Bros. Price Performance

The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 31.64 and a beta of 0.58. The stock’s fifty day moving average price is $94.02 and its two-hundred day moving average price is $87.99. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greif Bros. stock. Paladin Partners LLC acquired a new stake in Greif Bros. Corporation (NYSE:GEF.B) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,216 shares of the industrial products company’s stock, valued at approximately $1,049,000. Greif Bros. comprises 0.7% of Paladin Partners LLC’s portfolio, making the stock its 23rd biggest position. Hedge funds and other institutional investors own 5.13% of the company’s stock.

Greif Bros. Company 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.