Dimensional Fund Advisors LP Has $15.33 Million Position in Myers Industries, Inc. (NYSE:MYE)

Dimensional Fund Advisors LP decreased its position in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,388,184 shares of the industrial products company's stock after selling 233,133 shares during the quarter. Dimensional Fund Advisors LP owned about 3.73% of Myers Industries worth $15,325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Myers Industries by 3.8% during the fourth quarter. Sei Investments Co. now owns 76,288 shares of the industrial products company's stock valued at $842,000 after acquiring an additional 2,788 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Myers Industries by 18.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 24,778 shares of the industrial products company's stock worth $274,000 after purchasing an additional 3,793 shares during the period. Wells Fargo & Company MN lifted its holdings in Myers Industries by 32.9% in the 4th quarter. Wells Fargo & Company MN now owns 22,464 shares of the industrial products company's stock valued at $248,000 after acquiring an additional 5,566 shares during the last quarter. Inspire Investing LLC lifted its holdings in Myers Industries by 20.4% in the 4th quarter. Inspire Investing LLC now owns 36,291 shares of the industrial products company's stock valued at $401,000 after acquiring an additional 6,153 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Myers Industries by 25.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 33,119 shares of the industrial products company's stock valued at $366,000 after acquiring an additional 6,766 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

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

Myers Industries Stock Up 4.2%

Shares of MYE traded up $0.51 during trading hours on Monday, reaching $12.71. The company's stock had a trading volume of 181,910 shares, compared to its average volume of 332,224. The firm has a market cap of $475.13 million, a price-to-earnings ratio of 30.26 and a beta of 1.08. Myers Industries, Inc. has a 1-year low of $9.06 and a 1-year high of $17.39. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $11.19 and a two-hundred day moving average of $11.48.

Myers Industries (NYSE:MYE - Get Free Report) last issued its 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. The company had revenue of $206.75 million for the quarter, compared to the consensus estimate of $206.80 million. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. As a group, research analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current fiscal year.

Myers Industries declared that its board has approved a share repurchase 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 buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.54 dividend on an annualized basis and a yield of 4.25%. Myers Industries's dividend payout ratio is currently 192.86%.

Myers Industries Company 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.