Myers Industries, Inc. (NYSE:MYE) Shares Acquired by De Lisle Partners LLP

De Lisle Partners LLP boosted its position in Myers Industries, Inc. (NYSE:MYE) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,745 shares of the industrial products company’s stock after purchasing an additional 6,700 shares during the period. De Lisle Partners LLP’s holdings in Myers Industries were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Myers Industries in the 2nd quarter valued at about $25,000. DekaBank Deutsche Girozentrale acquired a new position in Myers Industries during the first quarter worth about $91,000. Quest Partners LLC purchased a new position in Myers Industries in the third quarter valued at about $150,000. Quantbot Technologies LP lifted its position in shares of Myers Industries by 8.0% during the 3rd quarter. Quantbot Technologies LP now owns 11,427 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 846 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Myers Industries during the 3rd quarter worth approximately $187,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Myers Industries Price Performance

Myers Industries stock opened at $11.45 on Friday. The firm has a market capitalization of $426.63 million, a PE ratio of 27.26 and a beta of 1.23. Myers Industries, Inc. has a 52 week low of $10.35 and a 52 week high of $23.63. The firm’s 50-day simple moving average is $12.49 and its 200 day simple moving average is $13.83. 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 (NYSE:MYE) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The business had revenue of $205.07 million during the quarter. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current fiscal year.

Myers Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.72%. The ex-dividend date is Tuesday, December 3rd. Myers Industries’s payout ratio is 128.57%.

Analyst Ratings Changes

Separately, KeyCorp cut 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.