Amalgamated Bank Sells 856 Shares of Myers Industries, Inc. (NYSE:MYE)

Amalgamated Bank lowered its stake in Myers Industries, Inc. (NYSE:MYEFree Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,864 shares of the industrial products company’s stock after selling 856 shares during the period. Amalgamated Bank’s holdings in Myers Industries were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Myers Industries during the third quarter valued at $87,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Myers Industries by 28.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,478 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,648 shares in the last quarter. Strs Ohio purchased a new position in Myers Industries in the third quarter worth about $234,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Myers Industries in the third quarter worth approximately $262,000. Finally, Jump Financial LLC purchased a new stake in shares of Myers Industries during the third quarter valued at approximately $294,000. Institutional investors own 90.82% of the company’s stock.

Myers Industries Stock Down 1.6 %

MYE opened at $15.75 on Wednesday. Myers Industries, Inc. has a twelve month low of $15.65 and a twelve month high of $23.63. The company has a quick ratio of 1.10, a current ratio of 1.75 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average price of $20.92 and a 200-day moving average price of $19.53. The stock has a market capitalization of $585.59 million, a price-to-earnings ratio of 14.86 and a beta of 1.31.

Myers Industries (NYSE:MYEGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. Myers Industries had a return on equity of 15.99% and a net margin of 4.90%. The firm had revenue of $191.08 million for the quarter, compared to analysts’ expectations of $191.60 million. During the same period in the prior year, the firm earned $0.32 EPS. Equities research analysts forecast that Myers Industries, Inc. will post 1.38 earnings per share for the current year.

Myers Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Saturday, March 16th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.43%. Myers Industries’s dividend payout ratio is currently 50.94%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MYE. StockNews.com cut Myers Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. KeyCorp increased their price objective on Myers Industries from $22.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd.

Get Our Latest Stock Analysis on MYE

About Myers Industries

(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.

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

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