Myers Industries, Inc. (NYSE:MYE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) by 102.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,877 shares of the industrial products company's stock after purchasing an additional 49,979 shares during the period. Teacher Retirement System of Texas owned about 0.27% of Myers Industries worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Gamco Investors INC. ET AL boosted its holdings in shares of Myers Industries by 2.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 3,383,485 shares of the industrial products company's stock valued at $37,354,000 after purchasing an additional 96,400 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Myers Industries by 6.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,171,055 shares of the industrial products company's stock worth $26,726,000 after buying an additional 123,516 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Myers Industries by 11.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,586,991 shares of the industrial products company's stock worth $17,520,000 after buying an additional 167,894 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Myers Industries by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 1,563,150 shares of the industrial products company's stock worth $17,257,000 after buying an additional 8,000 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Myers Industries by 824.9% in the 4th quarter. Millennium Management LLC now owns 887,760 shares of the industrial products company's stock valued at $9,801,000 after purchasing an additional 791,780 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Myers Industries Price Performance

NYSE:MYE opened at $15.43 on Monday. The company has a 50-day moving average of $13.69 and a 200-day moving average of $12.15. The company has a market capitalization of $576.77 million, a price-to-earnings ratio of 55.11 and a beta of 1.14. Myers Industries, Inc. has a 52 week low of $9.06 and a 52 week high of $17.39. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.78.

Myers Industries (NYSE:MYE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $206.75 million during the quarter, compared to the consensus estimate of $206.80 million. Myers Industries had a net margin of 1.26% and a return on equity of 14.02%. As a group, equities research analysts anticipate that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.

Myers Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 3.50%. The ex-dividend date was Wednesday, June 18th. Myers Industries's dividend payout ratio is currently 192.86%.

Analyst Upgrades and Downgrades

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

About Myers Industries

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.

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