Metropolitan Life Insurance Co. NY raised its position in Myers Industries, Inc. (NYSE:MYE) by 397.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,303 shares of the industrial products company’s stock after buying an additional 9,033 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Myers Industries were worth $171,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in Myers Industries in the 4th quarter valued at $30,000. Simplex Trading LLC acquired a new position in Myers Industries in the 4th quarter valued at $70,000. Paloma Partners Management Co acquired a new position in Myers Industries in the 4th quarter valued at $169,000. AQR Capital Management LLC acquired a new position in Myers Industries in the 3rd quarter valued at $311,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Myers Industries in the 4th quarter valued at $203,000. 90.16% of the stock is currently owned by institutional investors.
NYSE:MYE opened at $18.50 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.43 and a current ratio of 1.88. Myers Industries, Inc. has a fifty-two week low of $14.24 and a fifty-two week high of $25.70. The firm has a market cap of $646.90 million, a PE ratio of 24.34 and a beta of 1.70.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.135 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.92%. Myers Industries’s dividend payout ratio (DPR) is presently 71.05%.
Several equities analysts have issued reports on the stock. ValuEngine cut shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of Myers Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $23.33.
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About Myers Industries
Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.
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