North Star Investment Management Corp. decreased its position in shares of Myers Industries, Inc. (NYSE:MYE) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,626 shares of the industrial products company’s stock after selling 11,847 shares during the quarter. North Star Investment Management Corp.’s holdings in Myers Industries were worth $2,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MYE. KBC Group NV boosted its holdings in Myers Industries by 183.5% in the second 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. Public Employees Retirement System of Ohio purchased a new stake in Myers Industries in the third quarter worth approximately $107,000. Acrospire Investment Management LLC purchased a new stake in Myers Industries in the second quarter worth approximately $136,000. BNP Paribas Arbitrage SA boosted its holdings in Myers Industries by 99.8% in the second 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. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in Myers Industries by 124.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 9,200 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Shares of Myers Industries, Inc. (NYSE:MYE) traded down $0.20 during mid-day trading on Thursday, reaching $20.95. 52,300 shares of the company traded hands, compared to its average volume of 120,343. Myers Industries, Inc. has a 52 week low of $13.20 and a 52 week high of $22.65. The company has a quick ratio of 1.06, a current ratio of 1.56 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $637.68, a PE ratio of 91.09, a P/E/G ratio of 10.66 and a beta of 1.76.

Myers Industries (NYSE:MYE) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. Myers Industries had a net margin of 1.24% and a return on equity of 12.93%. The company had revenue of $144.10 million for the quarter, compared to analysts’ expectations of $138.93 million. During the same quarter last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. analysts predict that Myers Industries, Inc. will post 0.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were given a $0.135 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.54 annualized dividend and a yield of 2.58%. Myers Industries’s payout ratio is presently 234.78%.

Several equities research analysts recently issued reports on MYE shares. Zacks Investment Research upgraded shares of Myers Industries from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, November 29th. KeyCorp restated a “sell” rating and issued a $15.00 target price on shares of Myers Industries in a report on Tuesday, November 7th. Finally, Wells Fargo & Co upgraded shares of Myers Industries from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Myers Industries presently has an average rating of “Hold” and a consensus price target of $20.67.

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Myers Industries Company 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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