23,058 Shares in Myers Industries, Inc. $MYE Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Myers Industries, Inc. (NYSE:MYE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 23,058 shares of the industrial products company’s stock, valued at approximately $391,000. Semanteon Capital Management LP owned 0.06% of Myers Industries as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Myers Industries during the third quarter worth $2,703,000. Pzena Investment Management LLC acquired a new stake in shares of Myers Industries in the 3rd quarter valued at about $2,415,000. Hodges Capital Management Inc. bought a new stake in shares of Myers Industries in the third quarter valued at about $649,000. Vanguard Group Inc. boosted its position in shares of Myers Industries by 4.9% during the third quarter. Vanguard Group Inc. now owns 2,867,574 shares of the industrial products company’s stock worth $48,577,000 after buying an additional 133,496 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Myers Industries by 105.0% during the third quarter. JPMorgan Chase & Co. now owns 343,045 shares of the industrial products company’s stock worth $5,811,000 after buying an additional 175,684 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Myers Industries Stock Performance

NYSE MYE opened at $22.59 on Monday. The firm has a market capitalization of $845.09 million, a P/E ratio of 30.53 and a beta of 1.08. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 1.18. The firm’s fifty day moving average price is $20.32 and its two-hundred day moving average price is $18.16. Myers Industries, Inc. has a 1 year low of $9.06 and a 1 year high of $23.14.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MYE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Myers Industries in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Myers Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen upgraded shares of Myers Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. 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, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

Myers Industries 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.