XTX Topco Ltd Takes Position in Myers Industries, Inc. (NYSE:MYE)

Key Points

• XTX Topco Ltd has acquired a new stake in Myers Industries, purchasing 16,866 shares valued around $201,000 in the first quarter.
• Institutional ownership in Myers Industries stands at 90.82%, with notable increases in stakes from firms such as LPL Financial and JPMorgan Chase.
• Myers Industries reported earnings per share (EPS) of $0.31 for the last quarter, slightly missing analysts' estimates of $0.32, alongside a quarterly dividend of $0.135 per share.

XTX Topco Ltd acquired a new position in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,866 shares of the industrial products company's stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Myers Industries by 586.6% in the first quarter. GAMMA Investing LLC now owns 2,609 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 2,229 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Myers Industries by 102.2% in the first quarter. Teacher Retirement System of Texas now owns 98,877 shares of the industrial products company's stock valued at $1,180,000 after acquiring an additional 49,979 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Myers Industries by 4.6% in the first quarter. Rhumbline Advisers now owns 54,098 shares of the industrial products company's stock valued at $645,000 after acquiring an additional 2,389 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Myers Industries by 2.8% in the fourth quarter. Nuveen Asset Management LLC now owns 437,753 shares of the industrial products company's stock valued at $4,833,000 after acquiring an additional 11,985 shares in the last quarter. Finally, Barington Capital Group L.P. purchased a new stake in Myers Industries during the fourth quarter worth about $9,055,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Myers Industries Price Performance

MYE stock traded down $0.26 during trading on Friday, reaching $16.16. 373,922 shares of the company were exchanged, compared to its average volume of 217,399. The company has a market cap of $604.55 million, a P/E ratio of 62.15 and a beta of 1.15. Myers Industries, Inc. has a 52-week low of $9.06 and a 52-week high of $16.85. The stock's 50 day moving average price is $15.12 and its 200 day moving average price is $12.83. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.12 and a current ratio of 1.77.

Myers Industries (NYSE:MYE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.01). The company had revenue of $209.58 million for the quarter, compared to analysts' expectations of $220.60 million. Myers Industries had a return on equity of 13.02% and a net margin of 1.20%. As a group, analysts predict that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.

Myers Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.135 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.54 dividend on an annualized basis and a yield of 3.3%. Myers Industries's payout ratio is presently 207.69%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen raised shares of Myers Industries from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. KeyCorp raised shares of Myers Industries from a "sector weight" rating to an "overweight" rating and set a $21.00 price objective on the stock in a report on Friday, June 13th.

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.