20,931 Shares in Myers Industries, Inc. $MYE Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new stake in Myers Industries, Inc. (NYSE:MYE) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,931 shares of the industrial products company’s stock, valued at approximately $739,000. Great Lakes Advisors LLC owned 0.06% of Myers Industries as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in MYE. EverSource Wealth Advisors LLC increased its stake in shares of Myers Industries by 372.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,900 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,498 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Myers Industries during the 4th quarter valued at approximately $38,000. NewEdge Advisors LLC purchased a new stake in shares of Myers Industries during the 1st quarter valued at approximately $43,000. Quarry LP purchased a new stake in shares of Myers Industries during the 3rd quarter valued at approximately $48,000. Finally, Aquatic Capital Management LLC bought a new position in Myers Industries in the 3rd quarter worth approximately $61,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MYE has been the subject of a number of recent research reports. KeyCorp lifted their price objective on shares of Myers Industries from $26.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded Myers Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised Myers Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Myers Industries presently has a consensus rating of “Hold” and an average price target of $37.00.

Myers Industries Trading Up 0.2%

Shares of MYE opened at $33.58 on Friday. The business’s 50-day moving average price is $31.67 and its 200-day moving average price is $25.40. Myers Industries, Inc. has a twelve month low of $15.54 and a twelve month high of $37.45. The stock has a market cap of $1.26 billion, a PE ratio of 34.62 and a beta of 0.89. The company has a quick ratio of 1.21, a current ratio of 1.61 and a debt-to-equity ratio of 0.91.

Myers Industries (NYSE:MYE) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.17. The firm had revenue of $179.20 million for the quarter, compared to the consensus estimate of $166.00 million. Myers Industries had a net margin of 4.86% and a return on equity of 19.86%.

Myers Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were paid a $0.135 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $0.54 annualized dividend and a yield of 1.6%. Myers Industries’s dividend payout ratio is currently 55.67%.

Myers Industries Company 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.