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

Barclays PLC lifted its stake in Myers Industries, Inc. (NYSE:MYE - Free Report) by 464.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,072 shares of the industrial products company's stock after buying an additional 60,954 shares during the quarter. Barclays PLC owned approximately 0.20% of Myers Industries worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MYE. GSA Capital Partners LLP purchased a new stake in shares of Myers Industries during the 3rd quarter worth about $246,000. Intech Investment Management LLC acquired a new position in Myers Industries in the 3rd quarter worth about $972,000. American Century Companies Inc. boosted its position in Myers Industries by 12.3% during the second quarter. American Century Companies Inc. now owns 556,131 shares of the industrial products company's stock worth $7,441,000 after purchasing an additional 60,935 shares in the last quarter. Access Investment Management LLC acquired a new stake in Myers Industries in the third quarter valued at approximately $879,000. Finally, State Street Corp grew its holdings in Myers Industries by 2.6% in the third quarter. State Street Corp now owns 1,374,246 shares of the industrial products company's stock valued at $19,176,000 after purchasing an additional 35,456 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Myers Industries

In related news, CEO Dave Basque purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $12.41 per share, with a total value of $62,050.00. Following the completion of the acquisition, the chief executive officer now owns 39,152 shares in the company, valued at $485,876.32. This trade represents a 14.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have acquired 19,500 shares of company stock valued at $232,575. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MYE. StockNews.com upgraded Myers Industries from a "sell" rating to a "hold" rating in a research report on Thursday, January 9th. KeyCorp cut shares of Myers Industries from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, November 6th.

Myers Industries Trading Up 2.5 %

MYE stock opened at $11.22 on Wednesday. The business's 50-day moving average is $11.54 and its 200 day moving average is $12.94. Myers Industries, Inc. has a 12-month low of $10.35 and a 12-month high of $23.63. The stock has a market cap of $418.06 million, a price-to-earnings ratio of 26.71 and a beta of 1.22. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36.

Myers Industries (NYSE:MYE - Get Free Report) last issued 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). Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. The firm had revenue of $205.07 million during the quarter. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, sell-side analysts anticipate that Myers Industries, Inc. will post 0.95 EPS for the current fiscal year.

Myers Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 3rd were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Tuesday, December 3rd. Myers Industries's dividend payout ratio (DPR) is 128.57%.

Myers Industries Company 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.