Barclays PLC Buys 60,954 Shares of Myers Industries, Inc. (NYSE:MYE)

Barclays PLC raised its stake in Myers Industries, Inc. (NYSE:MYE) by 464.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 74,072 shares of the industrial products company’s stock after acquiring an additional 60,954 shares during the period. Barclays PLC’s holdings in Myers Industries were worth $1,024,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Myers Industries by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,604,324 shares of the industrial products company’s stock valued at $21,466,000 after buying an additional 4,777 shares in the last quarter. Gabelli Funds LLC lifted its stake in Myers Industries by 3.9% in the second quarter. Gabelli Funds LLC now owns 1,572,250 shares of the industrial products company’s stock valued at $21,037,000 after buying an additional 58,500 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Myers Industries by 8.3% in the second quarter. Renaissance Technologies LLC now owns 1,480,597 shares of the industrial products company’s stock valued at $19,810,000 after buying an additional 113,100 shares in the last quarter. State Street Corp raised its holdings in shares of Myers Industries by 2.6% in the third quarter. State Street Corp now owns 1,374,246 shares of the industrial products company’s stock valued at $19,176,000 after purchasing an additional 35,456 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Myers Industries by 1.1% in the third quarter. Victory Capital Management Inc. now owns 1,034,125 shares of the industrial products company’s stock valued at $14,292,000 after purchasing an additional 11,434 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Myers Industries Price Performance

NYSE MYE opened at $10.93 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. Myers Industries, Inc. has a 12-month low of $10.35 and a 12-month high of $23.63. The company has a market capitalization of $407.25 million, a PE ratio of 26.02 and a beta of 1.22. The firm’s 50 day moving average is $11.84 and its 200-day moving average is $13.20.

Myers Industries (NYSE:MYE) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The firm had revenue of $205.07 million for the quarter. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts anticipate that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.

Myers Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a yield of 4.94%. Myers Industries’s payout ratio is 128.57%.

Insider Buying and Selling

In related news, CEO Dave Basque acquired 5,000 shares of Myers Industries stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $11.33 per share, with a total value of $56,650.00. Following the completion of the transaction, the chief executive officer now directly owns 29,152 shares in the company, valued at $330,292.16. This trade represents a 20.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 19,500 shares of company stock worth $232,575. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Myers Industries from a “hold” rating to a “sell” rating in a report on Friday. KeyCorp downgraded shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a report on Wednesday, November 6th.

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.