Bailard Inc. Purchases New Shares in Myers Industries, Inc. $MYE

Bailard Inc. acquired a new position in Myers Industries, Inc. (NYSE:MYE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,818 shares of the industrial products company’s stock, valued at approximately $287,000. Bailard Inc. owned approximately 0.05% of Myers Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in MYE. Huntington National Bank bought a new position in shares of Myers Industries in the second quarter valued at about $29,000. Nisa Investment Advisors LLC raised its stake in shares of Myers Industries by 30.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 861 shares during the last quarter. CWM LLC lifted its position in shares of Myers Industries by 829.7% during the first quarter. CWM LLC now owns 4,695 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 4,190 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of Myers Industries during the first quarter valued at approximately $119,000. Finally, Walleye Capital LLC acquired a new stake in shares of Myers Industries in the first quarter valued at approximately $186,000. Institutional investors own 90.82% of the company’s stock.

Myers Industries Trading Down 1.0%

NYSE MYE opened at $17.51 on Friday. Myers Industries, Inc. has a 12 month low of $9.06 and a 12 month high of $18.29. The stock has a 50-day simple moving average of $16.80 and a 200 day simple moving average of $15.31. The company has a current ratio of 1.77, a quick ratio of 1.12 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $654.83 million, a PE ratio of 67.33 and a beta of 1.19.

Myers Industries (NYSE:MYE) last posted its earnings results on Thursday, October 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $205.44 million during the quarter, compared to analyst estimates of $206.40 million. Myers Industries had a return on equity of 13.02% and a net margin of 1.20%. Research analysts forecast that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.135 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a yield of 3.1%. Myers Industries’s payout ratio is currently 72.97%.

Insider Buying and Selling

In other news, Director Helmuth Ludwig bought 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of $17.21 per share, for a total transaction of $86,050.00. Following the completion of the acquisition, the director owned 13,436 shares in the company, valued at approximately $231,233.56. This trade represents a 59.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.85% of the company’s stock.

Analyst Upgrades and Downgrades

MYE has been the subject of a number of recent research reports. Zacks Research downgraded Myers Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded Myers Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Myers Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

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.