Myers Industries, Inc. (NYSE:MYE) Shares Bought by Access Investment Management LLC

Access Investment Management LLC grew its stake in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,315 shares of the industrial products company's stock after acquiring an additional 47,710 shares during the period. Access Investment Management LLC owned about 0.30% of Myers Industries worth $1,229,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MYE. State Street Corp raised its holdings in Myers Industries by 2.6% during the third quarter. State Street Corp now owns 1,374,246 shares of the industrial products company's stock worth $19,176,000 after purchasing an additional 35,456 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Myers Industries by 1.1% in the third quarter. Victory Capital Management Inc. now owns 1,034,125 shares of the industrial products company's stock valued at $14,292,000 after buying an additional 11,434 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Myers Industries by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 832,442 shares of the industrial products company's stock worth $11,507,000 after buying an additional 10,666 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Myers Industries by 60.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 624,010 shares of the industrial products company's stock worth $8,624,000 after buying an additional 234,390 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Myers Industries by 2.3% in the 3rd quarter. Wellington Management Group LLP now owns 323,538 shares of the industrial products company's stock worth $4,471,000 after buying an additional 7,192 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. KeyCorp cut shares of Myers Industries from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Myers Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, January 28th.

Myers Industries Price Performance

Myers Industries stock traded up $0.43 during midday trading on Wednesday, reaching $10.88. 620,473 shares of the company were exchanged, compared to its average volume of 228,388. The firm's 50-day simple moving average is $11.61 and its 200-day simple moving average is $12.50. Myers Industries, Inc. has a 1 year low of $10.35 and a 1 year high of $23.63. The company has a market capitalization of $405.39 million, a price-to-earnings ratio of 25.90 and a beta of 1.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80.

Insiders Place Their Bets

In other Myers Industries news, CEO Dave Basque purchased 5,000 shares of Myers Industries stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $12.13 per share, with a total value of $60,650.00. Following the purchase, the chief executive officer now directly owns 34,152 shares in the company, valued at $414,263.76. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 17,000 shares of company stock valued at $203,530 in the last ninety days. Insiders own 1.40% of the company's stock.

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.