Clayton Partners LLC Has $1.95 Million Holdings in Myers Industries, Inc. $MYE

Clayton Partners LLC boosted its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 43.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,000 shares of the industrial products company’s stock after buying an additional 35,000 shares during the quarter. Myers Industries comprises 1.5% of Clayton Partners LLC’s portfolio, making the stock its 27th biggest holding. Clayton Partners LLC owned 0.31% of Myers Industries worth $1,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oliver Luxxe Assets LLC bought a new position in shares of Myers Industries in the third quarter valued at approximately $1,178,000. Barington Capital Group L.P. boosted its holdings in shares of Myers Industries by 3.4% during the 2nd quarter. Barington Capital Group L.P. now owns 770,100 shares of the industrial products company’s stock worth $11,159,000 after buying an additional 25,000 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Myers Industries by 84.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 512,201 shares of the industrial products company’s stock valued at $7,422,000 after buying an additional 235,030 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Myers Industries by 141.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 95,506 shares of the industrial products company’s stock worth $1,384,000 after acquiring an additional 55,885 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Myers Industries by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,291,134 shares of the industrial products company’s stock worth $39,064,000 after acquiring an additional 51,968 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Myers Industries in a research note on Thursday, January 22nd. Wall Street Zen raised Myers Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Zacks Research upgraded Myers Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Myers Industries presently has a consensus rating of “Hold” and an average price target of $21.00.

Myers Industries Trading Up 0.3%

Shares of MYE opened at $22.59 on Friday. The stock’s 50-day moving average price is $20.32 and its 200 day moving average price is $18.15. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $845.09 million, a price-to-earnings ratio of 30.53 and a beta of 1.08. Myers Industries, Inc. has a 12-month low of $9.06 and a 12-month high of $23.14.

Myers Industries Company Profile

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.