Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Greif Bros. shares rose 0.3% to $114.98, with trading volume up 2% above its average as approximately 58,400 shares changed hands.
• The company reported quarterly revenue of $1.17 billion and earnings of $2.46 per share, alongside a 7.53% net margin and 13.66% return on equity.
• Institutional investors recently initiated positions in Greif Bros., while institutions collectively own 5.13% of the company’s stock.

Shares of Greif Bros. Corporation (NYSE:GEF.B - Get Free Report) saw an uptick in trading volume on Tuesday. Approximately 58,400 shares changed hands during trading, an increase of 2% from the average daily volume of 57,030 shares. The stock last traded at $114.9750 and had previously closed at $114.75.

Greif Bros. Trading Up 0.3%

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 company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 32.33 and a beta of 0.62. The business's 50-day simple moving average is $108.70 and its 200-day simple moving average is $93.09.

Greif Bros. (NYSE:GEF.B - Get Free Report) last issued 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 company had revenue of $1.17 billion during the quarter.

Hedge Funds Weigh In On Greif Bros.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC bought a new stake in Greif Bros. in the second quarter valued at approximately $1,334,000. Paladin Partners LLC bought a new position in shares of Greif Bros. during the second quarter worth $1,049,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Greif Bros. in the 2nd quarter valued at $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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.