Myers Industries, Inc. (MYE) Holdings Cut by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in Myers Industries, Inc. (NYSE:MYE) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,251,238 shares of the industrial products company’s stock after selling 35,900 shares during the quarter. Gamco Investors INC. ET AL owned 0.12% of Myers Industries worth $72,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MYE. Norges Bank acquired a new position in Myers Industries in the fourth quarter valued at approximately $10,933,000. Vanguard Group Inc raised its position in shares of Myers Industries by 7.5% during the third quarter. Vanguard Group Inc now owns 2,128,543 shares of the industrial products company’s stock worth $49,489,000 after purchasing an additional 148,878 shares during the period. Vanguard Group Inc. raised its position in shares of Myers Industries by 7.5% during the third quarter. Vanguard Group Inc. now owns 2,128,543 shares of the industrial products company’s stock worth $49,489,000 after purchasing an additional 148,878 shares during the period. Gabelli Funds LLC raised its position in shares of Myers Industries by 5.6% during the fourth quarter. Gabelli Funds LLC now owns 1,842,800 shares of the industrial products company’s stock worth $27,845,000 after purchasing an additional 98,300 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Myers Industries by 858.2% during the fourth quarter. Bank of America Corp DE now owns 91,123 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 81,613 shares during the period. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MYE opened at $17.59 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.43 and a debt-to-equity ratio of 0.50. Myers Industries, Inc. has a twelve month low of $14.24 and a twelve month high of $25.70. The company has a market cap of $635.22 million, a PE ratio of 23.55 and a beta of 1.69.

Myers Industries (NYSE:MYE) last issued its earnings results on Thursday, February 28th. The industrial products company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Myers Industries had a positive return on equity of 17.92% and a negative net margin of 0.59%. The company had revenue of $138.39 million for the quarter, compared to analyst estimates of $129.42 million. Equities analysts predict that Myers Industries, Inc. will post 0.8 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Myers Industries from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, May 1st. Six research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $21.00.

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Myers Industries Company Profile

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

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