Myers Industries, Inc. (NYSE:MYE) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 556,131 shares of the industrial products company’s stock after acquiring an additional 60,935 shares during the quarter. American Century Companies Inc. owned approximately 1.50% of Myers Industries worth $7,441,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Myers Industries during the second quarter worth approximately $25,000. Quest Partners LLC acquired a new position in shares of Myers Industries in the 4th quarter valued at $54,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Myers Industries in the 1st quarter valued at $91,000. Covestor Ltd raised its stake in Myers Industries by 712,200.0% during the 1st quarter. Covestor Ltd now owns 7,123 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 7,122 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Myers Industries in the first quarter valued at $228,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Myers Industries Price Performance

Shares of NYSE MYE opened at $14.25 on Tuesday. The stock has a market cap of $529.86 million, a P/E ratio of 13.44 and a beta of 1.22. Myers Industries, Inc. has a twelve month low of $12.47 and a twelve month high of $23.63. The stock has a 50 day moving average of $14.37 and a two-hundred day moving average of $16.84. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.32.

Myers Industries (NYSE:MYE) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Myers Industries had a net margin of 4.79% and a return on equity of 16.27%. The company had revenue of $220.24 million for the quarter. During the same period in the previous year, the business posted $0.35 earnings per share. On average, research analysts forecast that Myers Industries, Inc. will post 1.13 earnings per share for the current year.

Myers Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, September 13th. This represents a $0.54 dividend on an annualized basis and a yield of 3.79%. Myers Industries’s payout ratio is 50.94%.

Analyst Upgrades and Downgrades

Separately, KeyCorp dropped their price objective on Myers Industries from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd.

About Myers Industries

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.