Deprince Race & Zollo Inc. Buys 25,474 Shares of Myers Industries, Inc. (NYSE:MYE)

Deprince Race & Zollo Inc. boosted its position in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,042 shares of the industrial products company's stock after purchasing an additional 25,474 shares during the quarter. Deprince Race & Zollo Inc. owned 0.55% of Myers Industries worth $2,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC boosted its holdings in shares of Myers Industries by 103.1% in the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the industrial products company's stock valued at $61,000 after buying an additional 2,784 shares during the period. Aigen Investment Management LP bought a new stake in Myers Industries during the fourth quarter worth $138,000. Polymer Capital Management US LLC bought a new position in shares of Myers Industries in the fourth quarter valued at about $228,000. Wells Fargo & Company MN raised its position in shares of Myers Industries by 32.9% in the fourth quarter. Wells Fargo & Company MN now owns 22,464 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 5,566 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Myers Industries in the fourth quarter valued at about $251,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Myers Industries from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.

Myers Industries Price Performance

MYE stock traded down $0.12 during mid-day trading on Tuesday, hitting $12.59. The stock had a trading volume of 166,563 shares, compared to its average volume of 331,564. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. Myers Industries, Inc. has a 52 week low of $9.06 and a 52 week high of $17.39. The firm has a market capitalization of $470.64 million, a P/E ratio of 29.98 and a beta of 1.08. The firm has a fifty day simple moving average of $11.25 and a 200 day simple moving average of $11.49.

Myers Industries (NYSE:MYE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The company had revenue of $206.75 million for the quarter, compared to the consensus estimate of $206.80 million. As a group, research analysts forecast that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.54 annualized dividend and a yield of 4.29%. Myers Industries's dividend payout ratio is presently 192.86%.

Myers Industries declared that its Board of Directors has initiated a share buyback program on Thursday, March 6th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Myers Industries Profile

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.