Posted by admin on Aug 19th, 2022

Texas Permanent School Fund lowered its stake in Myers Industries, Inc. (NYSE:MYE – Get Rating) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,692 shares of the industrial products company’s stock after selling 550 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Myers Industries worth $555,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MYE. KBC Group NV lifted its stake in shares of Myers Industries by 65.1% in the 1st quarter. KBC Group NV now owns 6,029 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 2,377 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Myers Industries in the 4th quarter valued at $353,000. IndexIQ Advisors LLC acquired a new position in shares of Myers Industries in the 1st quarter valued at $418,000. Summit Global Investments acquired a new position in shares of Myers Industries in the 4th quarter valued at $530,000. Finally, SG Americas Securities LLC lifted its stake in shares of Myers Industries by 3.0% in the 4th quarter. SG Americas Securities LLC now owns 37,362 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 1,099 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

A number of research firms recently commented on MYE. Cowen upped their price objective on shares of Myers Industries to $28.50 in a research report on Tuesday, August 9th. StockNews.com cut shares of Myers Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 12th.

MYE opened at $21.67 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. Myers Industries, Inc. has a 12 month low of $15.82 and a 12 month high of $25.55. The company has a fifty day simple moving average of $22.40 and a 200 day simple moving average of $21.14. The stock has a market cap of $790.26 million, a P/E ratio of 16.42 and a beta of 1.33.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 17th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, June 16th. Myers Industries’s dividend payout ratio (DPR) is presently 40.91%.

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.

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