Boston Partners Has $2.15 Million Position in Myers Industries, Inc. (NYSE:MYE)

Boston Partners cut its position in Myers Industries, Inc. (NYSE:MYEFree Report) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,757 shares of the industrial products company’s stock after selling 18,245 shares during the period. Boston Partners owned 0.33% of Myers Industries worth $2,147,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Myers Industries by 0.3% in the first quarter. BlackRock Inc. now owns 5,787,756 shares of the industrial products company’s stock valued at $124,032,000 after buying an additional 19,757 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Myers Industries by 4.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,163,738 shares of the industrial products company’s stock worth $94,642,000 after purchasing an additional 180,298 shares during the period. Gamco Investors INC. ET AL raised its holdings in Myers Industries by 0.5% in the first quarter. Gamco Investors INC. ET AL now owns 3,265,563 shares of the industrial products company’s stock worth $70,536,000 after purchasing an additional 14,867 shares during the period. Vanguard Group Inc. raised its holdings in Myers Industries by 1.2% in the third quarter. Vanguard Group Inc. now owns 2,538,886 shares of the industrial products company’s stock worth $41,816,000 after purchasing an additional 30,878 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Myers Industries by 2.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,161,402 shares of the industrial products company’s stock worth $41,996,000 after purchasing an additional 44,076 shares during the period. 88.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MYE. KeyCorp increased their target price on shares of Myers Industries from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. StockNews.com raised shares of Myers Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st.

View Our Latest Analysis on MYE

Myers Industries Stock Up 0.2 %

Shares of MYE stock opened at $18.56 on Wednesday. The company has a market capitalization of $683.75 million, a price-to-earnings ratio of 13.85 and a beta of 1.31. Myers Industries, Inc. has a 12-month low of $15.65 and a 12-month high of $26.49. The firm has a fifty day moving average of $18.86 and a 200-day moving average of $18.30. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.15.

Myers Industries Company Profile

(Free Report)

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.

Further Reading

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

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