Chicago Equity Partners LLC acquired a new stake in Myers Industries, Inc. (NYSE:MYE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,665 shares of the industrial products company’s stock, valued at approximately $479,000. Chicago Equity Partners LLC owned approximately 0.09% of Myers Industries at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Myers Industries by 0.9% in the first quarter. Arizona State Retirement System now owns 11,386 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of Myers Industries by 1.4% in the second quarter. Texas Permanent School Fund now owns 16,031 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 216 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Myers Industries by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,832 shares of the industrial products company’s stock valued at $1,595,000 after acquiring an additional 513 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Myers Industries by 0.4% in the second quarter. North Star Investment Management Corp. now owns 157,116 shares of the industrial products company’s stock valued at $2,820,000 after acquiring an additional 654 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Myers Industries by 0.3% in the first quarter. Thrivent Financial For Lutherans now owns 285,370 shares of the industrial products company’s stock valued at $4,523,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 84.39% of the company’s stock.

MYE has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Myers Industries from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub cut shares of Myers Industries from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, KeyCorp reiterated a “sell” rating on shares of Myers Industries in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Myers Industries presently has a consensus rating of “Hold” and an average price target of $16.50.

Shares of Myers Industries, Inc. (NYSE MYE) opened at 18.75 on Wednesday. The firm has a market capitalization of $567.28 million, a price-to-earnings ratio of 140.98 and a beta of 1.77. Myers Industries, Inc. has a 1-year low of $11.35 and a 1-year high of $19.45. The company’s 50-day moving average is $17.89 and its 200 day moving average is $16.97.

Myers Industries (NYSE:MYE) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Myers Industries had a net margin of 0.74% and a return on equity of 10.71%. The company had revenue of $142.30 million during the quarter, compared to analysts’ expectations of $142.95 million. During the same quarter in the previous year, the company earned $0.21 EPS. Myers Industries’s revenue was down 1.2% on a year-over-year basis. On average, analysts expect that Myers Industries, Inc. will post $0.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Thursday, September 7th. Myers Industries’s dividend payout ratio is 415.38%.

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Myers Industries 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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Institutional Ownership by Quarter for Myers Industries (NYSE:MYE)

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