Hillsdale Investment Management Inc. bought a new position in shares of Myers Industries, Inc. (NYSE:MYE – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 159,560 shares of the industrial products company’s stock, valued at approximately $2,703,000. Hillsdale Investment Management Inc. owned approximately 0.43% of Myers Industries as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its position in Myers Industries by 44.5% during the first quarter. Royal Bank of Canada now owns 24,684 shares of the industrial products company’s stock worth $295,000 after buying an additional 7,607 shares during the period. AQR Capital Management LLC increased its holdings in shares of Myers Industries by 148.8% in the 1st quarter. AQR Capital Management LLC now owns 166,990 shares of the industrial products company’s stock valued at $1,992,000 after acquiring an additional 99,881 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Myers Industries by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 936 shares during the last quarter. Millennium Management LLC boosted its stake in Myers Industries by 2.7% during the 1st quarter. Millennium Management LLC now owns 911,626 shares of the industrial products company’s stock worth $10,876,000 after purchasing an additional 23,866 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Myers Industries by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 320,996 shares of the industrial products company’s stock worth $3,829,000 after purchasing an additional 34,787 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on MYE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Myers Industries in a report on Thursday, January 22nd. Zacks Research raised Myers Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised Myers Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Myers Industries has an average rating of “Hold” and a consensus price target of $21.00.
Myers Industries Stock Up 0.3%
MYE opened at $22.59 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.67 and a quick ratio of 1.09. Myers Industries, Inc. has a 12 month low of $9.06 and a 12 month high of $23.14. The stock has a market capitalization of $845.09 million, a P/E ratio of 30.53 and a beta of 1.08. The business has a 50 day simple moving average of $20.32 and a 200-day simple moving average of $18.16.
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.
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