Myers Industries, Inc. $MYE Stock Holdings Raised by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 57.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,633 shares of the industrial products company’s stock after purchasing an additional 40,115 shares during the period. Oliver Luxxe Assets LLC owned about 0.29% of Myers Industries worth $2,052,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Semanteon Capital Management LP acquired a new position in shares of Myers Industries in the 3rd quarter worth approximately $391,000. Clayton Partners LLC raised its position in shares of Myers Industries by 43.8% during the 3rd quarter. Clayton Partners LLC now owns 115,000 shares of the industrial products company’s stock valued at $1,948,000 after acquiring an additional 35,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Myers Industries by 84.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 512,201 shares of the industrial products company’s stock valued at $7,422,000 after acquiring an additional 235,030 shares in the last quarter. Barington Capital Group L.P. lifted its stake in Myers Industries by 3.4% during the second quarter. Barington Capital Group L.P. now owns 770,100 shares of the industrial products company’s stock worth $11,159,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Myers Industries in the third quarter worth $444,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Myers Industries Stock Performance

MYE stock opened at $19.82 on Friday. Myers Industries, Inc. has a 1 year low of $9.06 and a 1 year high of $24.03. The stock has a market capitalization of $741.23 million, a price-to-earnings ratio of 21.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.16 and a current ratio of 1.67. The stock’s fifty day moving average is $21.28 and its two-hundred day moving average is $18.87.

Myers Industries (NYSE:MYE) last released its quarterly earnings results on Thursday, March 5th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. Myers Industries had a net margin of 4.23% and a return on equity of 14.46%. The business had revenue of $203.97 million during the quarter, compared to analyst estimates of $202.60 million. On average, research analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 13th will be given a $0.135 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.54 annualized dividend and a yield of 2.7%. Myers Industries’s dividend payout ratio is 58.06%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Zacks Research upgraded shares of Myers Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen raised shares of Myers Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Myers Industries in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Myers Industries currently has a consensus rating of “Hold” and an average target price of $21.00.

About Myers Industries

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.