Posted by admin on Aug 11th, 2022

KBC Group NV boosted its holdings in Myers Industries, Inc. (NYSE:MYE – Get Rating) by 65.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,029 shares of the industrial products company’s stock after purchasing an additional 2,377 shares during the quarter. KBC Group NV’s holdings in Myers Industries were worth $130,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MYE. Yousif Capital Management LLC bought a new stake in shares of Myers Industries during the 4th quarter valued at $672,000. Modera Wealth Management LLC lifted its position in Myers Industries by 39.4% during the fourth quarter. Modera Wealth Management LLC now owns 29,589 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 8,362 shares during the period. SG Americas Securities LLC grew its stake in Myers Industries by 3.0% during the fourth quarter. SG Americas Securities LLC now owns 37,362 shares of the industrial products company’s stock worth $748,000 after buying an additional 1,099 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Myers Industries by 17.0% in the 4th quarter. Victory Capital Management Inc. now owns 305,460 shares of the industrial products company’s stock valued at $6,112,000 after buying an additional 44,398 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Myers Industries by 14.3% in the 4th quarter. First Trust Advisors LP now owns 58,836 shares of the industrial products company’s stock valued at $1,177,000 after buying an additional 7,357 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

A number of brokerages recently issued reports on MYE. Cowen lifted their price objective on shares of Myers Industries to $28.50 in a research note on Tuesday. StockNews.com lowered Myers Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 3rd.

Shares of MYE stock opened at $21.02 on Thursday. The business’s 50-day moving average price is $22.80 and its 200-day moving average price is $20.99. Myers Industries, Inc. has a 12 month low of $15.82 and a 12 month high of $25.55. The company has a current ratio of 1.72, a quick ratio of 1.04 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $766.56 million, a price-to-earnings ratio of 15.92 and a beta of 1.33.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 17th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, June 16th. Myers Industries’s payout ratio is 40.91%.

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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