New York State Teachers Retirement System Sells 6,106 Shares of Myers Industries, Inc. (NYSE:MYE)

New York State Teachers Retirement System reduced its position in Myers Industries, Inc. (NYSE:MYE) by 8.3% during the third quarter, HoldingsChannel reports. The firm owned 67,074 shares of the industrial products company’s stock after selling 6,106 shares during the period. New York State Teachers Retirement System’s holdings in Myers Industries were worth $927,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Myers Industries in the second quarter valued at $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Myers Industries in the 1st quarter worth about $91,000. Covestor Ltd lifted its stake in shares of Myers Industries by 712,200.0% in 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 period. Paloma Partners Management Co bought a new stake in shares of Myers Industries during the 1st quarter valued at about $254,000. Finally, Quantbot Technologies LP grew its stake in Myers Industries by 52.9% during the first quarter. Quantbot Technologies LP now owns 11,349 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 3,927 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Myers Industries Trading Up 1.7 %

MYE opened at $12.10 on Friday. The company has a fifty day moving average price of $13.14 and a two-hundred day moving average price of $14.68. Myers Industries, Inc. has a 1-year low of $10.77 and a 1-year high of $23.63. The company has a market cap of $450.85 million, a P/E ratio of 28.81 and a beta of 1.23. The company has a current ratio of 1.80, a quick ratio of 1.16 and a debt-to-equity ratio of 1.36.

Myers Industries (NYSE:MYE) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. The company had revenue of $205.07 million for the quarter. During the same period in the prior year, the company earned $0.38 earnings per share. Analysts predict that Myers Industries, Inc. will post 0.97 EPS 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. Shareholders of record on Tuesday, December 3rd will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Tuesday, December 3rd. Myers Industries’s dividend payout ratio is currently 128.57%.

Analyst Ratings Changes

Separately, KeyCorp lowered Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday.

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.