Myers Industries, Inc. (NYSE:MYE) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Myers Industries, Inc. (NYSE:MYE) by 8.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,960 shares of the industrial products company’s stock after selling 959 shares during the quarter. Amalgamated Bank’s holdings in Myers Industries were worth $147,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Myers Industries during the 1st quarter worth $336,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Myers Industries in the first quarter worth about $268,000. Hodges Capital Management Inc. acquired a new stake in shares of Myers Industries in the first quarter valued at about $562,000. Principal Financial Group Inc. raised its holdings in shares of Myers Industries by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 191,955 shares of the industrial products company’s stock valued at $4,448,000 after buying an additional 519 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Myers Industries by 11.7% during the 1st quarter. BNP Paribas Financial Markets now owns 83,107 shares of the industrial products company’s stock valued at $1,926,000 after buying an additional 8,719 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, KeyCorp lowered their price objective on shares of Myers Industries from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd.

Myers Industries Stock Performance

Shares of MYE stock opened at $13.47 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.81 and a quick ratio of 1.16. The company’s fifty day moving average price is $14.26 and its two-hundred day moving average price is $16.53. The firm has a market capitalization of $500.86 million, a P/E ratio of 12.71 and a beta of 1.22. Myers Industries, Inc. has a 12 month low of $12.47 and a 12 month high of $23.63.

Myers Industries (NYSE:MYE) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Myers Industries had a return on equity of 16.27% and a net margin of 4.79%. The business had revenue of $220.24 million for the quarter. During the same quarter last year, the firm posted $0.35 EPS. On average, research analysts anticipate that Myers Industries, Inc. will post 1.13 earnings per share for the current fiscal 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 paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.54 dividend on an annualized basis and a yield of 4.01%. Myers Industries’s dividend payout ratio (DPR) is 50.94%.

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.