Myers Industries, Inc. (NYSE:MYE) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of Myers Industries, Inc. (NYSE:MYE) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 144,487 shares of the industrial products company’s stock after acquiring an additional 12,017 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Myers Industries were worth $2,825,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in Myers Industries during the fourth quarter worth approximately $16,196,000. LSV Asset Management boosted its position in Myers Industries by 18.2% during the third quarter. LSV Asset Management now owns 450,526 shares of the industrial products company’s stock worth $8,078,000 after acquiring an additional 69,231 shares during the last quarter. Strs Ohio acquired a new stake in Myers Industries during the third quarter worth approximately $234,000. Illinois Municipal Retirement Fund acquired a new stake in Myers Industries during the third quarter worth approximately $389,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Myers Industries by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 463,843 shares of the industrial products company’s stock worth $8,317,000 after acquiring an additional 16,557 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Myers Industries Stock Up 1.1 %

Shares of MYE opened at $22.28 on Tuesday. The firm has a market cap of $823.02 million, a PE ratio of 16.88 and a beta of 1.31. The company’s fifty day moving average is $21.37 and its two-hundred day moving average is $19.35. Myers Industries, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $23.63. The company has a quick ratio of 1.00, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Myers Industries (NYSE:MYE) last announced its quarterly earnings results on Tuesday, March 5th. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $191.08 million for the quarter, compared to analyst estimates of $191.60 million. Myers Industries had a net margin of 6.01% and a return on equity of 18.55%. During the same quarter last year, the business earned $0.32 EPS. Analysts forecast that Myers Industries, Inc. will post 1.38 earnings per share for the current year.

Myers Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Saturday, March 16th were issued a dividend of $0.135 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.54 annualized dividend and a dividend yield of 2.42%. Myers Industries’s payout ratio is 40.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Myers Industries from $22.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. StockNews.com upgraded shares of Myers Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th.

Myers Industries Profile

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.