TIAA CREF Investment Management LLC increased its stake in Myers Industries, Inc. (NYSE:MYE) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,326 shares of the industrial products company’s stock after purchasing an additional 4,054 shares during the period. TIAA CREF Investment Management LLC owned 0.25% of Myers Industries worth $1,352,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV raised its position in Myers Industries by 183.5% in the 2nd quarter. KBC Group NV now owns 5,695 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,686 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Myers Industries by 44.4% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,656 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 1,738 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Myers Industries by 99.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,637 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 4,315 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Myers Industries in the 1st quarter worth approximately $187,000. Finally, Arizona State Retirement System raised its position in Myers Industries by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 11,486 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Shares of Myers Industries, Inc. (MYE) opened at $21.45 on Tuesday. The company has a market cap of $650.54, a price-to-earnings ratio of 63.24, a price-to-earnings-growth ratio of 15.09 and a beta of 1.78. Myers Industries, Inc. has a 1 year low of $11.55 and a 1 year high of $22.65. The company has a current ratio of 1.65, a quick ratio of 1.10 and a debt-to-equity ratio of 1.79.

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Several research analysts recently weighed in on MYE shares. Zacks Investment Research cut shares of Myers Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub cut shares of Myers Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, KeyCorp restated a “sell” rating on shares of Myers Industries in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Myers Industries Profile

Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.

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

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