Myers Industries, Inc. (NYSE:MYE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,047,539 shares of the industrial products company’s stock after selling 46,886 shares during the period. Allspring Global Investments Holdings LLC owned approximately 5.50% of Myers Industries worth $22,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in shares of Myers Industries during the third quarter valued at approximately $28,000. nVerses Capital LLC increased its position in shares of Myers Industries by 57.9% during the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 1,100 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Myers Industries in the 3rd quarter worth $72,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Myers Industries in the third quarter valued at $85,000. Finally, Quest Partners LLC bought a new position in Myers Industries during the third quarter valued at about $150,000. 90.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Myers Industries

In other news, CEO Dave Basque acquired 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $12.13 per share, for a total transaction of $60,650.00. Following the transaction, the chief executive officer now owns 34,152 shares in the company, valued at approximately $414,263.76. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 19,500 shares of company stock valued at $232,575. 1.40% of the stock is currently owned by corporate insiders.

Myers Industries Trading Up 0.1 %

Shares of NYSE MYE opened at $12.05 on Friday. 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, Inc. has a 12 month low of $10.35 and a 12 month high of $23.63. The company has a market cap of $448.98 million, a price-to-earnings ratio of 28.69 and a beta of 1.23. The business has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $12.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Myers Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. KeyCorp cut shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a report on Wednesday, November 6th.

Myers Industries Company 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.