20,931 Shares in Myers Industries, Inc. $MYE Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in Myers Industries, Inc. (NYSE:MYE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,931 shares of the industrial products company’s stock, valued at approximately $739,000.

A number of other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Myers Industries by 372.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,900 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,498 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Myers Industries during the fourth quarter worth about $38,000. NewEdge Advisors LLC purchased a new position in shares of Myers Industries during the first quarter worth about $43,000. Quarry LP purchased a new position in shares of Myers Industries during the third quarter worth about $48,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Myers Industries in the third quarter worth approximately $61,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MYE has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Myers Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. KeyCorp boosted their price target on shares of Myers Industries from $26.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Myers Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.00.

Myers Industries Trading Up 0.2%

NYSE MYE opened at $33.58 on Friday. The stock’s 50-day simple moving average is $31.67 and its two-hundred day simple moving average is $25.40. Myers Industries, Inc. has a twelve month low of $15.54 and a twelve month high of $37.45. The company has a quick ratio of 1.21, a current ratio of 1.61 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 34.62 and a beta of 0.89.

Myers Industries (NYSE:MYE) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.17. Myers Industries had a return on equity of 19.86% and a net margin of 4.86%.The firm had revenue of $179.20 million during the quarter, compared to analyst estimates of $166.00 million.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 17th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, June 17th. Myers Industries’s dividend payout ratio (DPR) is currently 55.67%.

Myers Industries Company Profile

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.