Texas Permanent School Fund decreased its position in shares of Myers Industries, Inc. (NYSE:MYE – Get Rating) by 6.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,537 shares of the industrial products company’s stock after selling 1,694 shares during the period. Texas Permanent School Fund owned about 0.07% of Myers Industries worth $545,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MYE. Creative Planning grew its position in shares of Myers Industries by 1.9% during the 3rd quarter. Creative Planning now owns 37,190 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 700 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Myers Industries by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 148,595 shares of the industrial products company’s stock valued at $3,210,000 after purchasing an additional 775 shares during the period. Great West Life Assurance Co. Can increased its position in Myers Industries by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 32,084 shares of the industrial products company’s stock worth $710,000 after buying an additional 787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Myers Industries by 22.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,830 shares of the industrial products company’s stock worth $130,000 after buying an additional 1,082 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of Myers Industries by 32.8% during the 1st quarter. Captrust Financial Advisors now owns 4,494 shares of the industrial products company’s stock valued at $98,000 after buying an additional 1,109 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MYE has been the topic of a number of recent analyst reports. TD Cowen cut shares of Myers Industries from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $28.50 to $23.75 in a research note on Thursday, March 2nd. StockNews.com started coverage on shares of Myers Industries in a research note on Thursday. They set a “buy” rating on the stock.
Myers Industries Stock Up 2.1 %
Myers Industries (NYSE:MYE – Get Rating) last issued its earnings results on Wednesday, March 1st. The industrial products company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $212.84 million during the quarter, compared to analyst estimates of $220.63 million. Myers Industries had a net margin of 6.28% and a return on equity of 22.87%. Research analysts predict that Myers Industries, Inc. will post 1.71 EPS for the current fiscal year.
Myers Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Thursday, March 16th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, March 15th. Myers Industries’s payout ratio is presently 35.76%.
About Myers Industries
Myers Industries, Inc engages in the manufacture and trade of polymer products. It operates through the Material Handling and Distribution business segments. The Material Handling segment designs, manufactures, and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under vehicle service on passenger, heavy truck, and off-road vehicles.
Read More
- Get a free copy of the StockNews.com research report on Myers Industries (MYE)
- 5 Best Bank ETFs to Buy Now
- How to Invest in Telehealth and Telemedicine Stocks
- Target’s Guidance Looms Over The MarketÂ
- Want Clean Energy? Siemens May Be Pointing To A Breakout
- Up Over 2,600% in 5 Years, Wall Street Still Calls Celsius a Buy
Want to see what other hedge funds are holding MYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Myers Industries, Inc. (NYSE:MYE – Get Rating).
Receive News & Ratings for Myers Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Myers Industries and related companies with MarketBeat.com's FREE daily email newsletter.
