New York State Teachers Retirement System Has $927,000 Stock Position in Myers Industries, Inc. (NYSE:MYE)

New York State Teachers Retirement System lessened its stake in Myers Industries, Inc. (NYSE:MYE) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,074 shares of the industrial products company’s stock after selling 6,106 shares during the quarter. New York State Teachers Retirement System owned about 0.18% of Myers Industries worth $927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in Myers Industries by 11.7% in 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. Texas Permanent School Fund Corp boosted its position in shares of Myers Industries by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,240 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 442 shares in the last quarter. Quantbot Technologies LP increased its stake in Myers Industries by 52.9% in the first quarter. Quantbot Technologies LP now owns 11,349 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 3,927 shares during the last quarter. Sei Investments Co. raised its position in Myers Industries by 81.5% during the first quarter. Sei Investments Co. now owns 98,889 shares of the industrial products company’s stock valued at $2,291,000 after purchasing an additional 44,395 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Myers Industries by 135.5% during the first quarter. Russell Investments Group Ltd. now owns 178,330 shares of the industrial products company’s stock worth $4,132,000 after purchasing an additional 102,621 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, KeyCorp lowered Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday.

Myers Industries Stock Up 1.7 %

MYE stock opened at $12.10 on Friday. The firm has a 50-day moving average price of $13.14 and a 200-day moving average price of $14.68. Myers Industries, Inc. has a 12 month low of $10.77 and a 12 month high of $23.63. The company has a current ratio of 1.80, a quick ratio of 1.16 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $450.85 million, a P/E ratio of 28.81 and a beta of 1.23.

Myers Industries (NYSE:MYE) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The company had revenue of $205.07 million during the quarter. Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. During the same period last year, the firm posted $0.38 earnings per share. As a group, equities research analysts anticipate that Myers Industries, Inc. will post 0.97 EPS for the current fiscal year.

Myers Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be given a $0.135 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a yield of 4.46%. Myers Industries’s dividend payout ratio is presently 128.57%.

Myers Industries 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.