Myers Industries Inc. (MYE) Stake Held by Swiss National Bank
Swiss National Bank continued to hold its position in Myers Industries Inc. (NYSE:MYE) during the second quarter, Holdings Channel reports. The fund owned 45,600 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.15% of Myers Industries worth $657,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. North Star Investment Management Corp. raised its stake in shares of Myers Industries by 3.9% in the second quarter. North Star Investment Management Corp. now owns 67,301 shares of the company’s stock worth $969,000 after buying an additional 2,504 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Myers Industries by 3.4% in the first quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock worth $431,000 after buying an additional 1,100 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Myers Industries by 1.3% in the first quarter. Geode Capital Management LLC now owns 156,618 shares of the company’s stock worth $2,014,000 after buying an additional 2,085 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Myers Industries during the first quarter worth $153,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Myers Industries by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 132,233 shares of the company’s stock worth $1,701,000 after buying an additional 2,900 shares in the last quarter. 83.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Myers Industries Inc. (NYSE:MYE) traded up 1.03% during mid-day trading on Wednesday, hitting $12.79. 16,226 shares of the stock were exchanged. The company’s 50-day moving average is $13.51 and its 200-day moving average is $13.97. The firm has a market cap of $382.36 million, a price-to-earnings ratio of 120.66 and a beta of 1.57. Myers Industries Inc. has a 1-year low of $10.12 and a 1-year high of $15.86.
Myers Industries (NYSE:MYE) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. Myers Industries had a net margin of 0.45% and a return on equity of 16.92%. The business earned $144.10 million during the quarter, compared to analyst estimates of $152.90 million. During the same quarter in the prior year, the company posted $0.30 EPS. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. Equities research analysts anticipate that Myers Industries Inc. will post $0.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Wednesday, August 31st. Myers Industries’s dividend payout ratio is 600.00%.
Separately, Zacks Investment Research raised shares of Myers Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th.
In other Myers Industries news, Director Jane Scaccetti acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $14.64 per share, for a total transaction of $29,280.00. Following the purchase, the director now owns 4,800 shares in the company, valued at approximately $70,272. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.29% of the stock is currently owned by insiders.
Myers Industries Company Profile
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling, which designs, manufactures and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products.
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