Barclays PLC Boosts Stock Position in Myers Industries, Inc. (NYSE:MYE)

Barclays PLC lifted its position in shares of Myers Industries, Inc. (NYSE:MYE) by 464.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,072 shares of the industrial products company’s stock after buying an additional 60,954 shares during the period. Barclays PLC owned about 0.20% of Myers Industries worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Myers Industries by 12.3% in the second quarter. American Century Companies Inc. now owns 556,131 shares of the industrial products company’s stock worth $7,441,000 after buying an additional 60,935 shares during the period. 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. 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. Tieton Capital Management LLC increased its stake in Myers Industries by 1.3% in the 2nd quarter. Tieton Capital Management LLC now owns 186,925 shares of the industrial products company’s stock worth $2,501,000 after purchasing an additional 2,380 shares during the period. Finally, Sei Investments Co. lifted its position in Myers Industries by 50.2% in the second quarter. Sei Investments Co. now owns 148,557 shares of the industrial products company’s stock valued at $1,988,000 after purchasing an additional 49,668 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Myers Industries Stock Up 2.5 %

Shares of NYSE MYE opened at $11.22 on Wednesday. The firm has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $12.94. Myers Industries, Inc. has a 12 month low of $10.35 and a 12 month high of $23.63. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $418.06 million, a PE ratio of 26.71 and a beta of 1.22.

Myers Industries (NYSE:MYE) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share (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 period in the prior year, the firm posted $0.38 earnings per share. Equities analysts expect that Myers Industries, Inc. will post 0.95 earnings per share for the current year.

Myers Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.54 annualized dividend and a dividend yield of 4.81%. Myers Industries’s dividend payout ratio is presently 128.57%.

Insider Buying and Selling

In other Myers Industries news, CEO Dave Basque acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $12.13 per share, with a total value of $60,650.00. Following the completion of the purchase, the chief executive officer now directly owns 34,152 shares of the company’s stock, valued at approximately $414,263.76. The trade was a 17.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 19,500 shares of company stock valued at $232,575 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MYE shares. KeyCorp cut Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Myers Industries from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th.

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.