Allspring Global Investments Holdings LLC Has $28.95 Million Stake in Myers Industries, Inc. (NYSE:MYE)

Allspring Global Investments Holdings LLC boosted its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,094,425 shares of the industrial products company’s stock after acquiring an additional 2,788 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Myers Industries worth $28,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its position in shares of Myers Industries by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,193,054 shares of the industrial products company’s stock worth $73,983,000 after purchasing an additional 21,724 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Myers Industries by 6.8% during the first quarter. Vanguard Group Inc. now owns 2,846,620 shares of the industrial products company’s stock worth $65,956,000 after buying an additional 182,215 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Myers Industries by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,604,324 shares of the industrial products company’s stock valued at $21,466,000 after acquiring an additional 4,777 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Myers Industries by 3.9% in the 2nd quarter. Gabelli Funds LLC now owns 1,572,250 shares of the industrial products company’s stock worth $21,037,000 after acquiring an additional 58,500 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Myers Industries by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,480,597 shares of the industrial products company’s stock worth $19,810,000 after acquiring an additional 113,100 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Myers Industries Trading Down 1.2 %

MYE opened at $12.46 on Thursday. Myers Industries, Inc. has a 1-year low of $12.21 and a 1-year high of $23.63. The firm has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $15.49. The stock has a market capitalization of $463.30 million, a PE ratio of 11.75 and a beta of 1.21. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.32.

Myers Industries (NYSE:MYE) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The firm had revenue of $220.24 million during the quarter. Myers Industries had a net margin of 4.79% and a return on equity of 16.27%. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities analysts anticipate that Myers Industries, Inc. will post 1.13 earnings per share for the current fiscal year.

Myers Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a $0.135 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.54 dividend on an annualized basis and a yield of 4.33%. Myers Industries’s payout ratio is 50.94%.

Analyst Upgrades and Downgrades

Separately, KeyCorp cut their price objective on Myers Industries from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th.

About Myers Industries

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.