Boston Partners Has $2.42 Million Holdings in Myers Industries, Inc. (NYSE:MYE)

Boston Partners trimmed its position in Myers Industries, Inc. (NYSE:MYE) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,382 shares of the industrial products company’s stock after selling 4,728 shares during the quarter. Boston Partners owned 0.28% of Myers Industries worth $2,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in Myers Industries in the 4th quarter valued at $54,000. Covestor Ltd raised its position in Myers Industries by 712,200.0% in the first quarter. Covestor Ltd now owns 7,123 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 7,122 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Myers Industries in the first quarter worth about $228,000. Paloma Partners Management Co acquired a new stake in Myers Industries during the first quarter valued at approximately $254,000. Finally, Quantbot Technologies LP boosted its holdings in Myers Industries by 52.9% during the first quarter. Quantbot Technologies LP now owns 11,349 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 3,927 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Myers Industries Price Performance

Myers Industries stock traded down $1.15 during trading hours on Friday, hitting $14.39. 369,461 shares of the stock were exchanged, compared to its average volume of 238,623. Myers Industries, Inc. has a 12 month low of $12.47 and a 12 month high of $23.63. The business’s 50-day moving average is $14.46 and its two-hundred day moving average is $18.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.10 and a current ratio of 1.81. The stock has a market capitalization of $535.06 million, a P/E ratio of 13.58 and a beta of 1.21.

Myers Industries (NYSE:MYE) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter. Myers Industries had a return on equity of 16.27% and a net margin of 4.79%. The business had revenue of $220.24 million for the quarter. During the same quarter last year, the company earned $0.35 earnings per share.

Myers Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Tuesday, June 18th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.54 annualized dividend and a yield of 3.75%. Myers Industries’s dividend payout ratio (DPR) is 50.94%.

Analysts Set New Price Targets

MYE has been the subject of several analyst reports. KeyCorp cut their target price on Myers Industries from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday. StockNews.com downgraded shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th.

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.