Boston Partners trimmed its position in Myers Industries, Inc. (NYSE:MYE – Free Report) by 13.2% in the third quarter, HoldingsChannel.com reports. The firm owned 119,757 shares of the industrial products company’s stock after selling 18,245 shares during the quarter. Boston Partners’ holdings in Myers Industries were worth $2,147,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MYE. Louisiana State Employees Retirement System increased its stake in shares of Myers Industries by 13.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,300 shares of the industrial products company’s stock worth $375,000 after acquiring an additional 2,300 shares during the last quarter. LSV Asset Management raised its position in Myers Industries by 18.2% in the 3rd quarter. LSV Asset Management now owns 450,526 shares of the industrial products company’s stock worth $8,078,000 after purchasing an additional 69,231 shares during the last quarter. Strs Ohio bought a new stake in shares of Myers Industries during the 3rd quarter valued at $234,000. Illinois Municipal Retirement Fund acquired a new position in shares of Myers Industries in the 3rd quarter valued at $389,000. Finally, Alberta Investment Management Corp acquired a new position in Myers Industries in the 2nd quarter worth $300,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Myers Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. KeyCorp raised their target price on shares of Myers Industries from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th.
Myers Industries Stock Performance
Myers Industries stock opened at $18.56 on Wednesday. The firm’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $18.30. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $683.75 million, a PE ratio of 13.85 and a beta of 1.31. Myers Industries, Inc. has a 1-year low of $15.65 and a 1-year high of $26.49.
About Myers Industries
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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