Barclays PLC Purchases 60,954 Shares of Myers Industries, Inc. (NYSE:MYE)

Barclays PLC lifted its position in Myers Industries, Inc. (NYSE:MYE) by 464.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 74,072 shares of the industrial products company’s stock after purchasing an additional 60,954 shares during the quarter. Barclays PLC owned 0.20% of Myers Industries worth $1,024,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MYE. Wellington Management Group LLP grew its holdings in 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 worth $4,471,000 after acquiring an additional 7,192 shares during the last quarter. State Street Corp grew its holdings in 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 worth $19,176,000 after acquiring an additional 35,456 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Myers Industries during the 3rd quarter worth about $28,000. Point72 Asset Management L.P. bought a new stake in Myers Industries during the 3rd quarter worth about $72,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in 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 acquiring an additional 234,390 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Myers Industries Stock Performance

Myers Industries stock opened at $10.93 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. Myers Industries, Inc. has a 1 year low of $10.35 and a 1 year high of $23.63. The company has a market cap of $407.25 million, a PE ratio of 26.02 and a beta of 1.22. The company’s 50-day moving average is $11.84 and its two-hundred day moving average is $13.20.

Myers Industries (NYSE:MYE) last released its earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The business had revenue of $205.07 million for the quarter. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts anticipate that Myers Industries, Inc. will post 0.95 earnings per share for the current year.

Myers Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.94%. The ex-dividend date is Tuesday, December 3rd. Myers Industries’s payout ratio is 128.57%.

Insider Buying and Selling

In other news, CEO Dave Basque acquired 5,000 shares of Myers Industries stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $12.13 per share, with a total value of $60,650.00. Following the purchase, the chief executive officer now directly owns 34,152 shares of the company’s stock, valued at $414,263.76. The trade was a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 19,500 shares of company stock valued at $232,575 in the last 90 days. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. KeyCorp lowered shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Myers Industries from a “hold” rating to a “sell” rating in a research report on Friday.

Myers Industries Company 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.