Myers Industries, Inc. (NYSE:MYE) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 12.3% during the second quarter, HoldingsChannel reports. The fund owned 556,131 shares of the industrial products company’s stock after buying an additional 60,935 shares during the period. American Century Companies Inc.’s holdings in Myers Industries were worth $7,441,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in shares of Myers Industries during the 2nd quarter worth $25,000. Quest Partners LLC purchased a new stake in Myers Industries during the fourth quarter worth about $54,000. DekaBank Deutsche Girozentrale acquired a new position in Myers Industries during the first quarter worth about $91,000. Covestor Ltd increased its holdings in Myers Industries by 712,200.0% in the first quarter. Covestor Ltd now owns 7,123 shares of the industrial products company’s stock valued at $165,000 after buying an additional 7,122 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Myers Industries during the 1st quarter valued at approximately $228,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, KeyCorp lowered their price target on Myers Industries from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd.

Myers Industries Trading Up 0.3 %

NYSE:MYE opened at $14.25 on Tuesday. The company has a market capitalization of $529.86 million, a PE ratio of 13.44 and a beta of 1.22. Myers Industries, Inc. has a 52-week low of $12.47 and a 52-week high of $23.63. The stock has a fifty day simple moving average of $14.37 and a 200-day simple moving average of $16.84. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.32.

Myers Industries (NYSE:MYE) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Myers Industries had a return on equity of 16.27% and a net margin of 4.79%. The firm had revenue of $220.24 million for the quarter. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts expect that Myers Industries, Inc. will post 1.13 earnings per share for the current fiscal year.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, September 13th. Myers Industries’s dividend payout ratio is presently 50.94%.

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.