SG Americas Securities LLC Invests $283,000 in Myers Industries, Inc. (NYSE:MYE)

SG Americas Securities LLC purchased a new position in shares of Myers Industries, Inc. (NYSE:MYE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,477 shares of the industrial products company’s stock, valued at approximately $283,000. SG Americas Securities LLC owned approximately 0.06% of Myers Industries as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in Myers Industries by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,193,054 shares of the industrial products company’s stock worth $73,983,000 after acquiring an additional 21,724 shares during the last quarter. Vanguard Group Inc. grew its position in Myers Industries by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 2,846,620 shares of the industrial products company’s stock worth $65,956,000 after acquiring an additional 182,215 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Myers Industries by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,604,324 shares of the industrial products company’s stock worth $21,466,000 after acquiring an additional 4,777 shares during the last quarter. Gabelli Funds LLC grew its position in Myers Industries by 3.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,572,250 shares of the industrial products company’s stock worth $21,037,000 after acquiring an additional 58,500 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Myers Industries by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,480,597 shares of the industrial products company’s stock worth $19,810,000 after acquiring an additional 113,100 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Separately, KeyCorp reduced their price objective on Myers Industries from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th.

Myers Industries Trading Down 1.5 %

NYSE MYE opened at $13.08 on Monday. The business’s 50-day moving average price is $13.86 and its two-hundred day moving average price is $15.69. Myers Industries, Inc. has a 12 month low of $12.21 and a 12 month high of $23.63. The firm has a market capitalization of $486.35 million, a PE ratio of 12.34 and a beta of 1.21. 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 released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Myers Industries had a return on equity of 16.27% and a net margin of 4.79%. The firm had revenue of $220.24 million for the quarter. During the same quarter last year, the firm posted $0.35 EPS. On average, analysts expect that Myers Industries, Inc. will post 1.13 EPS for the current year.

Myers Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.13%. Myers Industries’s dividend payout ratio (DPR) is presently 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.