Sei Investments Co. grew its holdings in Myers Industries, Inc. (NYSE:MYE – Free Report) by 50.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,557 shares of the industrial products company’s stock after acquiring an additional 49,668 shares during the period. Sei Investments Co. owned about 0.40% of Myers Industries worth $1,988,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MYE. nVerses Capital LLC purchased a new stake in Myers Industries during the second quarter worth $25,000. DekaBank Deutsche Girozentrale acquired a new stake in Myers Industries in the 1st quarter worth about $91,000. Covestor Ltd increased 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 buying an additional 7,122 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in shares of Myers Industries during the second quarter valued at approximately $186,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Myers Industries in the first quarter valued at approximately $228,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Myers Industries Stock Performance
NYSE:MYE opened at $12.61 on Friday. The company has a market cap of $468.88 million, a P/E ratio of 11.90 and a beta of 1.21. Myers Industries, Inc. has a twelve month low of $12.36 and a twelve month high of $23.63. The company’s 50-day moving average price is $14.15 and its 200-day moving average price is $16.42. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.54 annualized dividend and a dividend yield of 4.28%. Myers Industries’s dividend payout ratio is presently 50.94%.
Wall Street Analysts Forecast Growth
Separately, KeyCorp dropped their price target on Myers Industries from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd.
Check Out Our Latest Research Report on MYE
Myers Industries Company Profile
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.
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