Metropolitan Life Insurance Co. NY boosted its position in shares of Myers Industries, Inc. (NYSE:MYE) by 397.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,303 shares of the industrial products company’s stock after acquiring an additional 9,033 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Myers Industries were worth $171,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Myers Industries by 1.1% during the 4th quarter. BlackRock Inc. now owns 5,137,165 shares of the industrial products company’s stock worth $77,622,000 after acquiring an additional 57,704 shares in the last quarter. Vanguard Group Inc. grew its holdings in Myers Industries by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,128,543 shares of the industrial products company’s stock worth $49,489,000 after acquiring an additional 148,878 shares in the last quarter. Vanguard Group Inc grew its holdings in Myers Industries by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 2,128,543 shares of the industrial products company’s stock worth $49,489,000 after acquiring an additional 148,878 shares in the last quarter. Gabelli Funds LLC grew its holdings in Myers Industries by 5.6% during the 4th quarter. Gabelli Funds LLC now owns 1,842,800 shares of the industrial products company’s stock worth $27,845,000 after acquiring an additional 98,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Myers Industries by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,767,280 shares of the industrial products company’s stock worth $41,090,000 after acquiring an additional 8,107 shares in the last quarter. Institutional investors own 90.16% of the company’s stock.
Several research analysts have commented on MYE shares. ValuEngine cut shares of Myers Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Myers Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. Six research analysts have rated the stock with a hold rating, Myers Industries currently has an average rating of “Hold” and a consensus target price of $23.33.
Shares of NYSE:MYE opened at $18.50 on Wednesday. The company has a market cap of $646.90 million, a PE ratio of 24.34 and a beta of 1.70. The company has a quick ratio of 1.43, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. Myers Industries, Inc. has a twelve month low of $14.24 and a twelve month high of $25.70.
Myers Industries (NYSE:MYE) last issued its quarterly earnings data on Thursday, February 28th. The industrial products company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $138.39 million during the quarter, compared to the consensus estimate of $129.42 million. Myers Industries had a negative net margin of 0.59% and a positive return on equity of 17.92%. On average, equities research analysts forecast that Myers Industries, Inc. will post 0.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 20th were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.54 annualized dividend and a dividend yield of 2.92%. Myers Industries’s dividend payout ratio is presently 71.05%.
About Myers Industries
Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.
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