Myers Industries, Inc. (NYSE:MYE) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its holdings in shares of Myers Industries, Inc. (NYSE:MYE) by 11.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,397 shares of the industrial products company’s stock after selling 12,170 shares during the period. AQR Capital Management LLC owned approximately 0.25% of Myers Industries worth $1,223,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in shares of Myers Industries in the second quarter worth $25,000. DekaBank Deutsche Girozentrale acquired a new stake in Myers Industries during the 1st quarter worth about $91,000. Covestor Ltd grew its stake in Myers Industries by 712,200.0% during the 1st quarter. Covestor Ltd now owns 7,123 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 7,122 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Myers Industries in the first quarter valued at about $228,000. Finally, Paloma Partners Management Co purchased a new position in shares of Myers Industries in the first quarter worth about $254,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Myers Industries Trading Up 2.2 %

NYSE MYE opened at $12.95 on Friday. Myers Industries, Inc. has a 1 year low of $12.21 and a 1 year high of $23.63. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.81 and a quick ratio of 1.16. The company has a market capitalization of $482.00 million, a PE ratio of 12.33 and a beta of 1.21. The company has a fifty day moving average of $13.94 and a 200 day moving average of $16.09.

Myers Industries (NYSE:MYE) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $220.24 million for the quarter. Myers Industries had a return on equity of 16.27% and a net margin of 4.79%. During the same quarter in the previous year, the company earned $0.35 EPS. Research analysts forecast that Myers Industries, Inc. will post 1.13 earnings per share for the current year.

Myers Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Friday, September 13th. Myers Industries’s dividend payout ratio (DPR) is presently 51.43%.

Analyst Ratings Changes

Separately, KeyCorp dropped their target price on Myers Industries from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday.

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.