Allspring Global Investments Holdings LLC decreased its holdings in Myers Industries, Inc. (NYSE:MYE - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,047,539 shares of the industrial products company's stock after selling 46,886 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 5.50% of Myers Industries worth $22,011,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MYE. Hotchkis & Wiley Capital Management LLC raised its stake 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 worth $8,624,000 after buying an additional 234,390 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Myers Industries in the 3rd quarter worth about $972,000. Access Investment Management LLC acquired a new position in shares of Myers Industries in the 3rd quarter valued at about $879,000. Barclays PLC lifted its stake in shares of Myers Industries by 464.7% in the 3rd quarter. Barclays PLC now owns 74,072 shares of the industrial products company's stock valued at $1,024,000 after purchasing an additional 60,954 shares during the period. Finally, Tieton Capital Management LLC grew its stake in Myers Industries by 32.1% during the third quarter. Tieton Capital Management LLC now owns 246,920 shares of the industrial products company's stock worth $3,412,000 after purchasing an additional 59,995 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CEO Dave Basque bought 5,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $12.13 per share, for a total transaction of $60,650.00. Following the completion of the acquisition, the chief executive officer now directly owns 34,152 shares in the company, valued at approximately $414,263.76. This trade represents a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 19,500 shares of company stock valued at $232,575. Corporate insiders own 1.40% of the company's stock.
Myers Industries Stock Down 0.3 %
Shares of Myers Industries stock traded down $0.04 during trading hours on Wednesday, reaching $12.08. The company's stock had a trading volume of 196,357 shares, compared to its average volume of 213,453. The company has a market capitalization of $449.91 million, a P/E ratio of 28.75 and a beta of 1.23. The stock's fifty day simple moving average is $11.71 and its two-hundred day simple moving average is $12.58. Myers Industries, Inc. has a one year low of $10.35 and a one year high of $23.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80.
Analysts Set New Price Targets
A number of equities analysts have issued reports on MYE shares. StockNews.com cut Myers Industries from a "hold" rating to a "sell" rating in a report on Tuesday, January 28th. KeyCorp lowered shares of Myers Industries from an "overweight" rating to a "sector weight" rating in a report on Wednesday, November 6th.
Get Our Latest Analysis on MYE
About Myers Industries
(
Free Report)
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.
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