Myers Industries, Inc. $MYE Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP boosted its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 335.8% in the second quarter, HoldingsChannel.com reports. The fund owned 54,089 shares of the industrial products company’s stock after purchasing an additional 41,677 shares during the period. Susquehanna International Group LLP’s holdings in Myers Industries were worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MYE. Royal Bank of Canada raised its position in shares of Myers Industries by 44.5% during the 1st quarter. Royal Bank of Canada now owns 24,684 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 7,607 shares during the last quarter. AQR Capital Management LLC increased its stake in Myers Industries by 148.8% during the 1st quarter. AQR Capital Management LLC now owns 166,990 shares of the industrial products company’s stock worth $1,992,000 after buying an additional 99,881 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Myers Industries by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 936 shares during the last quarter. Millennium Management LLC lifted its position in shares of Myers Industries by 2.7% in the first quarter. Millennium Management LLC now owns 911,626 shares of the industrial products company’s stock valued at $10,876,000 after acquiring an additional 23,866 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Myers Industries by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 320,996 shares of the industrial products company’s stock valued at $3,829,000 after purchasing an additional 34,787 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Myers Industries Price Performance

NYSE:MYE opened at $32.74 on Monday. Myers Industries, Inc. has a 52 week low of $15.54 and a 52 week high of $37.45. The stock’s fifty day moving average is $32.27 and its two-hundred day moving average is $25.83. The company has a market capitalization of $1.23 billion, a P/E ratio of 33.75 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 issued its quarterly earnings data 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. Myers Industries had a return on equity of 19.86% and a net margin of 4.86%.The firm had revenue of $179.20 million during the quarter, compared to the consensus estimate of $166.00 million.

Myers Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were given a dividend of $0.135 per share. The ex-dividend date was Wednesday, June 17th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.6%. Myers Industries’s dividend payout ratio (DPR) is currently 55.67%.

Analyst Ratings Changes

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

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.