Universal Beteiligungs und Servicegesellschaft mbH Takes $1.13 Million Position in Myers Industries, Inc. (NYSE:MYE)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Myers Industries, Inc. (NYSE:MYEFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 95,086 shares of the industrial products company’s stock, valued at approximately $1,134,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.25% of Myers Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MYE. GAMMA Investing LLC grew its position in Myers Industries by 586.6% in the first quarter. GAMMA Investing LLC now owns 2,609 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 2,229 shares during the last quarter. CWM LLC grew its stake in shares of Myers Industries by 829.7% during the 1st quarter. CWM LLC now owns 4,695 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 4,190 shares during the period. Aquatic Capital Management LLC increased its holdings in Myers Industries by 103.1% during the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 2,784 shares during the period. ProShare Advisors LLC purchased a new position in shares of Myers Industries in the 4th quarter worth about $114,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Myers Industries in the fourth quarter worth $144,000. Institutional investors own 90.82% of the company’s stock.

Myers Industries Stock Up 1.6%

Shares of MYE opened at $14.88 on Friday. The stock’s 50 day moving average is $14.50 and its two-hundred day moving average is $12.54. The firm has a market cap of $556.21 million, a P/E ratio of 57.23 and a beta of 1.15. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 1.24. Myers Industries, Inc. has a 12 month low of $9.06 and a 12 month high of $15.77.

Myers Industries (NYSE:MYEGet Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of $209.58 million during the quarter, compared to analysts’ expectations of $220.60 million. Myers Industries had a net margin of 1.20% and a return on equity of 13.02%. Analysts predict that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.

Myers Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, June 18th. Myers Industries’s dividend payout ratio is presently 192.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MYE. KeyCorp upgraded Myers Industries from a “sector weight” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Friday, June 13th. Wall Street Zen raised shares of Myers Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd.

Read Our Latest Stock Report on Myers Industries

About Myers Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Myers Industries (NYSE:MYE)

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