Gamco Investors INC. ET AL Has $41.55 Million Holdings in Myers Industries, Inc. $MYE

Key Points

• Gamco Investors INC. increased its holdings in Myers Industries by 2.9%, now owning approximately 9.32% of the company, which is valued at around $41.55 million.
• Myers Industries recently reported quarterly earnings with EPS of $0.31, missing estimates, and has a dividend yield of 3.3% based on its latest dividend payout.
• Analysts have upgraded Myers Industries, setting a consensus target price of $21.00 per share, indicating a positive outlook for the stock.

Gamco Investors INC. ET AL raised its stake in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,482,902 shares of the industrial products company's stock after buying an additional 99,417 shares during the period. Gamco Investors INC. ET AL owned 9.32% of Myers Industries worth $41,551,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Myers Industries by 586.6% in the 1st quarter. GAMMA Investing LLC now owns 2,609 shares of the industrial products company's stock valued at $31,000 after buying an additional 2,229 shares in the last quarter. CWM LLC grew its stake in shares of Myers Industries by 829.7% in the first quarter. CWM LLC now owns 4,695 shares of the industrial products company's stock worth $56,000 after purchasing an additional 4,190 shares during the last quarter. Aquatic Capital Management LLC raised its holdings in shares of Myers Industries by 103.1% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 2,784 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Myers Industries in the 4th quarter worth about $114,000. Finally, Graham Capital Management L.P. bought a new position in Myers Industries in the 4th quarter worth approximately $144,000. Institutional investors own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MYE shares. KeyCorp raised shares of Myers Industries from a "sector weight" rating to an "overweight" rating and set a $21.00 target price on the stock in a research note on Friday, June 13th. Wall Street Zen raised shares of Myers Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $21.00.

Myers Industries Trading Down 0.3%

MYE traded down $0.05 on Friday, reaching $16.75. 178,357 shares of the company's stock were exchanged, compared to its average volume of 223,658. The company has a market cap of $626.62 million, a price-to-earnings ratio of 64.42 and a beta of 1.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.12 and a current ratio of 1.77. The company's 50 day moving average is $15.46 and its 200-day moving average is $13.09. Myers Industries, Inc. has a twelve month low of $9.06 and a twelve month high of $17.12.

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

Myers Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, June 18th. Myers Industries's dividend payout ratio (DPR) is 207.69%.

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.