Boston Partners Has $2.07 Million Stock Holdings in Myers Industries, Inc. (NYSE:MYE)

Boston Partners increased its holdings in Myers Industries, Inc. (NYSE:MYE - Free Report) by 105.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,073 shares of the industrial products company's stock after acquiring an additional 96,022 shares during the quarter. Boston Partners owned approximately 0.50% of Myers Industries worth $2,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MYE. State Street Corp raised its stake in shares of Myers Industries by 2.6% during the 3rd quarter. State Street Corp now owns 1,374,246 shares of the industrial products company's stock worth $19,176,000 after buying an additional 35,456 shares in the last quarter. Geode Capital Management LLC raised its stake in Myers Industries by 1.3% during the third quarter. Geode Capital Management LLC now owns 832,442 shares of the industrial products company's stock worth $11,507,000 after purchasing an additional 10,666 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Myers Industries by 60.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 624,010 shares of the industrial products company's stock valued at $8,624,000 after acquiring an additional 234,390 shares during the period. Wellington Management Group LLP increased its position in Myers Industries by 2.3% during the 3rd quarter. Wellington Management Group LLP now owns 323,538 shares of the industrial products company's stock worth $4,471,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Tieton Capital Management LLC raised its holdings in Myers Industries by 32.1% in the third quarter. Tieton Capital Management LLC now owns 246,920 shares of the industrial products company's stock valued at $3,412,000 after buying an additional 59,995 shares during the period. Hedge funds and other institutional investors own 90.82% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Myers Industries from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.

Myers Industries Stock Down 0.0 %

NYSE MYE traded down $0.00 on Wednesday, reaching $11.95. The company had a trading volume of 265,661 shares, compared to its average volume of 341,403. The firm has a market capitalization of $445.58 million, a PE ratio of 28.45 and a beta of 1.21. The firm has a 50-day moving average of $11.94 and a 200-day moving average of $12.13. Myers Industries, Inc. has a 1 year low of $9.32 and a 1 year high of $23.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.11.

Myers Industries (NYSE:MYE - Get Free Report) last released its earnings results on Thursday, March 6th. The industrial products company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $203.88 million during the quarter, compared to analysts' expectations of $203.10 million. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. On average, equities research 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 will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, March 14th. Myers Industries's dividend payout ratio is currently 284.21%.

Myers Industries announced that its Board of Directors has approved a stock repurchase program on Thursday, March 6th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

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.