Myers Industries, Inc. (NYSE:MYE) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,047,539 shares of the industrial products company’s stock after selling 46,886 shares during the period. Allspring Global Investments Holdings LLC owned about 0.05% of Myers Industries worth $22,011,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings 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 valued at $19,176,000 after acquiring an additional 35,456 shares in the last quarter. Victory Capital Management Inc. grew its stake in 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 purchasing an additional 11,434 shares in the last quarter. Geode Capital Management LLC increased its position in Myers Industries by 1.3% in the 3rd 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 last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Myers Industries by 60.2% during 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 purchasing an additional 234,390 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 valued at $4,471,000 after buying an additional 7,192 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Insider Buying and Selling at Myers Industries

In other news, CEO Dave Basque purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $11.33 per share, for a total transaction of $56,650.00. Following the completion of the acquisition, the chief executive officer now directly owns 29,152 shares of the company’s stock, valued at approximately $330,292.16. The trade was a 20.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 19,500 shares of company stock worth $232,575 over the last 90 days. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MYE shares. KeyCorp lowered shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Myers Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th.

Myers Industries Stock Performance

MYE opened at $12.05 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80. The company has a market cap of $448.98 million, a PE ratio of 28.69 and a beta of 1.23. The stock has a 50-day moving average of $11.71 and a 200-day moving average of $12.64. Myers Industries, Inc. has a 52-week low of $10.35 and a 52-week high of $23.63.

About Myers Industries

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.