Myers Industries, Inc. (NYSE:MYE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in Myers Industries, Inc. (NYSE:MYE) by 22.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,127 shares of the industrial products company’s stock after selling 15,810 shares during the period. Jane Street Group LLC owned 0.15% of Myers Industries worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of Myers Industries during the second quarter worth $25,000. Hodges Capital Management Inc. lifted its position in Myers Industries by 336.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 105,800 shares of the industrial products company’s stock worth $1,416,000 after acquiring an additional 81,550 shares during the period. Victory Capital Management Inc. acquired a new stake in Myers Industries during the 2nd quarter worth about $13,684,000. Los Angeles Capital Management LLC grew its stake in Myers Industries by 324.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 61,664 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 47,144 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in shares of Myers Industries in the second quarter valued at about $186,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MYE shares. StockNews.com downgraded Myers Industries from a “hold” rating to a “sell” rating in a report on Friday, December 27th. KeyCorp cut shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, November 6th.

Myers Industries Price Performance

NYSE:MYE opened at $10.75 on Friday. The firm’s fifty day moving average is $11.70 and its two-hundred day moving average is $13.11. The firm has a market cap of $400.55 million, a price-to-earnings ratio of 25.60 and a beta of 1.22. Myers Industries, Inc. has a one year low of $10.35 and a one year high of $23.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80.

Myers Industries (NYSE:MYE) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The company had revenue of $205.07 million during the quarter. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. During the same quarter last year, the firm earned $0.38 EPS. Research analysts expect that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a yield of 5.02%. Myers Industries’s dividend payout ratio is presently 128.57%.

Insider Buying and Selling at Myers Industries

In other Myers Industries news, CEO Dave Basque bought 5,000 shares of Myers Industries stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $12.13 per share, with a total value of $60,650.00. Following the purchase, the chief executive officer now directly owns 34,152 shares in the company, valued at $414,263.76. This represents a 17.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders bought 19,500 shares of company stock valued at $232,575. Corporate insiders own 1.40% of the company’s stock.

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.