Principal Financial Group Inc. Reduces Holdings in Myers Industries, Inc. (NYSE:MYE)

Principal Financial Group Inc. lowered its holdings in Myers Industries, Inc. (NYSE:MYEFree Report) by 5.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 197,366 shares of the industrial products company’s stock after selling 12,368 shares during the period. Principal Financial Group Inc.’s holdings in Myers Industries were worth $3,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Myers Industries in the 4th quarter worth $4,604,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Myers Industries by 4.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,163,738 shares of the industrial products company’s stock worth $94,642,000 after purchasing an additional 180,298 shares in the last quarter. LSV Asset Management increased its holdings in shares of Myers Industries by 42.3% in the 2nd quarter. LSV Asset Management now owns 381,295 shares of the industrial products company’s stock worth $7,409,000 after purchasing an additional 113,300 shares in the last quarter. Tieton Capital Management LLC bought a new stake in shares of Myers Industries in the third quarter worth $1,308,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Myers Industries by 25.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 342,280 shares of the industrial products company’s stock worth $6,650,000 after acquiring an additional 70,370 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Myers Industries Stock Down 1.0 %

Shares of NYSE:MYE opened at $18.37 on Thursday. Myers Industries, Inc. has a 52-week low of $15.65 and a 52-week high of $26.49. The stock has a market cap of $676.75 million, a P/E ratio of 13.71 and a beta of 1.31. The business’s 50 day moving average is $18.88 and its 200 day moving average is $18.30. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.15.

Analyst Upgrades and Downgrades

MYE has been the topic of several analyst reports. StockNews.com upgraded Myers Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. KeyCorp boosted their price objective on Myers Industries from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th.

Get Our Latest Research Report on Myers Industries

Myers Industries Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Myers Industries, Inc. (NYSE:MYEFree Report).

Institutional Ownership by Quarter for Myers Industries (NYSE:MYE)

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