Myers Industries, Inc. (NYSE:MYE) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. decreased its holdings in Myers Industries, Inc. (NYSE:MYE - Free Report) by 14.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,870 shares of the industrial products company's stock after selling 96,000 shares during the quarter. Myers Industries comprises about 3.6% of Teton Advisors Inc.'s portfolio, making the stock its 2nd biggest position. Teton Advisors Inc. owned approximately 1.54% of Myers Industries worth $11,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MYE. Tower Research Capital LLC TRC lifted its position in Myers Industries by 5,544.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,748 shares of the industrial products company's stock worth $445,000 after acquiring an additional 22,345 shares during the period. First Trust Advisors LP lifted its position in Myers Industries by 2.4% during the 4th quarter. First Trust Advisors LP now owns 101,155 shares of the industrial products company's stock worth $1,978,000 after acquiring an additional 2,404 shares during the period. TD Asset Management Inc lifted its position in Myers Industries by 37.1% during the 4th quarter. TD Asset Management Inc now owns 44,000 shares of the industrial products company's stock worth $860,000 after acquiring an additional 11,900 shares during the period. Hsbc Holdings PLC lifted its position in Myers Industries by 4.2% during the 4th quarter. Hsbc Holdings PLC now owns 17,223 shares of the industrial products company's stock worth $339,000 after acquiring an additional 695 shares during the period. Finally, Tieton Capital Management LLC lifted its position in Myers Industries by 151.5% during the 4th quarter. Tieton Capital Management LLC now owns 183,450 shares of the industrial products company's stock worth $3,586,000 after acquiring an additional 110,505 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

Myers Industries Price Performance

Shares of Myers Industries stock traded up $0.13 on Friday, hitting $22.22. The company's stock had a trading volume of 167,280 shares, compared to its average volume of 458,726. Myers Industries, Inc. has a 1 year low of $15.65 and a 1 year high of $23.63. The firm has a fifty day moving average price of $20.45 and a 200-day moving average price of $18.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.55. The company has a market capitalization of $820.81 million, a price-to-earnings ratio of 16.83 and a beta of 1.31.

Myers Industries (NYSE:MYE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The business had revenue of $191.08 million during the quarter, compared to analyst estimates of $191.60 million. Myers Industries had a return on equity of 18.55% and a net margin of 6.01%. During the same period in the prior year, the business earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Myers Industries, Inc. will post 1.38 earnings per share for the current fiscal year.

Myers Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Saturday, March 16th were given a $0.135 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.43%. Myers Industries's dividend payout ratio (DPR) is presently 40.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MYE. StockNews.com raised Myers Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 16th. KeyCorp boosted their price objective on Myers Industries from $22.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, March 22nd.

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.