SG Americas Securities LLC Sells 15,504 Shares of Myers Industries, Inc. (NYSE:MYE)

SG Americas Securities LLC trimmed its position in shares of Myers Industries, Inc. (NYSE:MYEGet Rating) by 41.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,858 shares of the industrial products company’s stock after selling 15,504 shares during the period. SG Americas Securities LLC owned 0.06% of Myers Industries worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MYE. Yousif Capital Management LLC bought a new position in Myers Industries during the fourth quarter valued at $672,000. Assenagon Asset Management S.A. bought a new position in shares of Myers Industries in the fourth quarter worth $2,520,000. Cim Investment Management Inc. boosted its holdings in shares of Myers Industries by 100.0% in the fourth quarter. Cim Investment Management Inc. now owns 22,194 shares of the industrial products company’s stock worth $439,000 after acquiring an additional 11,097 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Myers Industries by 39.4% in the fourth quarter. Modera Wealth Management LLC now owns 29,589 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 8,362 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Myers Industries by 17.0% in the fourth quarter. Victory Capital Management Inc. now owns 305,460 shares of the industrial products company’s stock worth $6,112,000 after acquiring an additional 44,398 shares during the period. 92.02% of the stock is owned by institutional investors.

Myers Industries Price Performance

Myers Industries stock opened at $21.61 on Friday. Myers Industries, Inc. has a one year low of $15.82 and a one year high of $25.55. The business has a fifty day moving average price of $22.99 and a 200-day moving average price of $20.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 1.04. The firm has a market capitalization of $785.39 million, a P/E ratio of 16.37 and a beta of 1.33.

Myers Industries (NYSE:MYEGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.22. Myers Industries had a return on equity of 23.60% and a net margin of 5.63%. The company had revenue of $225.49 million for the quarter, compared to the consensus estimate of $204.21 million. During the same quarter last year, the business posted $0.22 earnings per share. As a group, equities research analysts forecast that Myers Industries, Inc. will post 1.5 EPS for the current year.

Myers Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 17th were given a $0.135 dividend. The ex-dividend date was Thursday, June 16th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.50%. Myers Industries’s dividend payout ratio (DPR) is presently 40.91%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Myers Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

About Myers Industries

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Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; 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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