Barclays PLC trimmed its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 61.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,048 shares of the industrial products company’s stock after selling 22,677 shares during the quarter. Barclays PLC’s holdings in Myers Industries were worth $212,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in Myers Industries by 27.1% during the 3rd quarter. BlackRock Inc. now owns 5,079,461 shares of the industrial products company’s stock worth $118,098,000 after buying an additional 1,083,340 shares during the period. Vanguard Group Inc boosted its stake in Myers Industries by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 2,128,543 shares of the industrial products company’s stock worth $49,489,000 after purchasing an additional 148,878 shares during the period. Vanguard Group Inc. boosted its stake in Myers Industries by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,128,543 shares of the industrial products company’s stock worth $49,489,000 after purchasing an additional 148,878 shares during the period. Gabelli Funds LLC boosted its stake in Myers Industries by 5.6% in the 4th quarter. Gabelli Funds LLC now owns 1,842,800 shares of the industrial products company’s stock worth $27,845,000 after purchasing an additional 98,300 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Myers Industries by 15.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 541,693 shares of the industrial products company’s stock worth $12,595,000 after purchasing an additional 73,359 shares in the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.
NYSE:MYE opened at $17.56 on Friday. The company has a market cap of $614.34 million, a price-to-earnings ratio of 23.11 and a beta of 1.70. Myers Industries, Inc. has a twelve month low of $14.24 and a twelve month high of $25.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.43.
Myers Industries (NYSE:MYE) last posted its quarterly earnings data on Thursday, February 28th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. Myers Industries had a negative net margin of 0.59% and a positive return on equity of 17.92%. On average, sell-side analysts forecast that Myers Industries, Inc. will post 0.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 20th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Tuesday, March 19th. Myers Industries’s dividend payout ratio (DPR) is currently 71.05%.
MYE has been the topic of several recent research reports. ValuEngine downgraded Myers Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised Myers Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Six equities research analysts have rated the stock with a hold rating, Myers Industries currently has an average rating of “Hold” and a consensus price target of $23.33.
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Myers Industries Profile
Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.
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