75,709 Shares in Myers Industries, Inc. (NYSE:MYE) Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. acquired a new position in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 75,709 shares of the industrial products company's stock, valued at approximately $1,480,000. Russell Investments Group Ltd. owned approximately 0.21% of Myers Industries as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MYE. Swiss National Bank lifted its position in shares of Myers Industries by 1.5% in the 3rd quarter. Swiss National Bank now owns 68,700 shares of the industrial products company's stock valued at $1,232,000 after acquiring an additional 1,000 shares in the last quarter. Barclays PLC grew its holdings in shares of Myers Industries by 6.1% during the third quarter. Barclays PLC now owns 23,985 shares of the industrial products company's stock valued at $429,000 after buying an additional 1,389 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Myers Industries by 28.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,478 shares of the industrial products company's stock valued at $134,000 after buying an additional 1,648 shares in the last quarter. TD Asset Management Inc raised its position in Myers Industries by 13.0% during the third quarter. TD Asset Management Inc now owns 32,100 shares of the industrial products company's stock valued at $576,000 after buying an additional 3,700 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Myers Industries in the 3rd quarter worth about $87,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Myers Industries Stock Performance

Myers Industries stock traded down $0.58 during trading hours on Friday, reaching $16.42. 413,778 shares of the company were exchanged, compared to its average volume of 267,794. Myers Industries, Inc. has a 12 month low of $15.65 and a 12 month high of $23.63. The firm has a market cap of $610.50 million, a price-to-earnings ratio of 16.04 and a beta of 1.31. The company has a current ratio of 1.75, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. The stock has a 50-day moving average of $21.22 and a 200 day moving average of $19.52.

Myers Industries (NYSE:MYE - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $191.60 million. Myers Industries had a net margin of 4.90% and a return on equity of 15.99%. During the same period last year, the business posted $0.32 EPS. As a group, research analysts anticipate that Myers Industries, Inc. will post 1.38 earnings per share for the current year.

Myers Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Saturday, March 16th were given a dividend of $0.135 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.54 annualized dividend and a dividend yield of 3.29%. Myers Industries's dividend payout ratio is presently 50.94%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MYE. StockNews.com downgraded shares of Myers Industries from a "buy" rating to a "hold" rating in a research note on Thursday. KeyCorp lifted their target price on shares of Myers Industries from $22.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd.

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.