Janus Capital Management LLC maintained its stake in Myers Industries, Inc. (NYSE:MYE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,788 shares of the industrial products company’s stock at the end of the first quarter. Janus Capital Management LLC owned 0.28% of Myers Industries worth $1,328,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of MYE. Comerica Bank raised its position in shares of Myers Industries by 4.8% in the fourth quarter. Comerica Bank now owns 23,082 shares of the industrial products company’s stock worth $323,000 after buying an additional 1,058 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Myers Industries by 3.9% in the fourth quarter. GSA Capital Partners LLP now owns 21,500 shares of the industrial products company’s stock worth $307,000 after buying an additional 800 shares during the last quarter. Hartford Investment Management Co. purchased a new position in shares of Myers Industries during the first quarter worth about $167,000. Renaissance Technologies LLC raised its position in shares of Myers Industries by 5.2% in the fourth quarter. Renaissance Technologies LLC now owns 114,100 shares of the industrial products company’s stock worth $1,632,000 after buying an additional 5,600 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Myers Industries during the fourth quarter worth about $4,726,000. Hedge funds and other institutional investors own 84.52% of the company’s stock.
Shares of Myers Industries, Inc. (NYSE:MYE) opened at 18.70 on Thursday. Myers Industries, Inc. has a 1-year low of $11.35 and a 1-year high of $19.45. The company has a market capitalization of $562.48 million, a price-to-earnings ratio of 76.64 and a beta of 1.77. The stock’s 50 day moving average price is $18.23 and its 200 day moving average price is $15.92.
Myers Industries (NYSE:MYE) last announced its earnings results on Monday, May 8th. The industrial products company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $141.70 million during the quarter, compared to analyst estimates of $143.60 million. Myers Industries had a net margin of 1.38% and a return on equity of 11.57%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Analysts expect that Myers Industries, Inc. will post $0.46 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Friday, June 16th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, June 14th. Myers Industries’s payout ratio is presently 225.00%.
A number of equities analysts have issued reports on MYE shares. Zacks Investment Research lowered Myers Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. TheStreet raised Myers Industries from a “c” rating to a “b-” rating in a research note on Monday, May 8th.
In other Myers Industries news, Director Jane Scaccetti purchased 3,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $17.20 per share, with a total value of $51,600.00. Following the transaction, the director now directly owns 12,090 shares of the company’s stock, valued at approximately $207,948. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.
Myers Industries Company Profile
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.
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