Myers Industries, Inc. (NYSE:MYE) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in shares of Myers Industries, Inc. (NYSE:MYE - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,441 shares of the industrial products company's stock after acquiring an additional 44,522 shares during the period. Tudor Investment Corp ET AL owned 0.34% of Myers Industries worth $1,385,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MYE. Barington Capital Group L.P. purchased a new position in shares of Myers Industries during the 4th quarter worth approximately $9,055,000. Norges Bank acquired a new stake in Myers Industries during the 4th quarter worth $3,180,000. Marshall Wace LLP acquired a new position in Myers Industries in the fourth quarter valued at $2,843,000. Renaissance Technologies LLC increased its stake in Myers Industries by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,586,991 shares of the industrial products company's stock valued at $17,520,000 after purchasing an additional 167,894 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Myers Industries by 2.9% in the fourth 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 period. Hedge funds and other institutional investors own 90.82% of the company's stock.

Myers Industries Stock Performance

Shares of Myers Industries stock traded up $0.07 on Friday, reaching $12.19. 199,126 shares of the stock were exchanged, compared to its average volume of 332,828. Myers Industries, Inc. has a 1-year low of $9.06 and a 1-year high of $17.39. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. The business has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $11.48. The firm has a market capitalization of $455.69 million, a PE ratio of 29.02 and a beta of 1.08.

Myers Industries (NYSE:MYE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The business had revenue of $206.75 million for the quarter, compared to analyst estimates of $206.80 million. As a group, research analysts anticipate that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.

Myers Industries declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 6th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Myers Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, March 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.43%. Myers Industries's dividend payout ratio (DPR) is 192.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Myers Industries from a "sell" rating to a "hold" rating in a research note on Friday, March 7th.

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.