Clayton Partners LLC Acquires 35,000 Shares of Myers Industries, Inc. $MYE

Clayton Partners LLC boosted its holdings in Myers Industries, Inc. (NYSE:MYE) by 43.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,000 shares of the industrial products company’s stock after acquiring an additional 35,000 shares during the quarter. Myers Industries accounts for about 1.5% of Clayton Partners LLC’s investment portfolio, making the stock its 27th biggest position. Clayton Partners LLC’s holdings in Myers Industries were worth $1,948,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Myers Industries during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Myers Industries by 372.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,900 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,498 shares during the period. Huntington National Bank acquired a new stake in Myers Industries in the 2nd quarter valued at $29,000. Nisa Investment Advisors LLC grew its position in Myers Industries by 30.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,714 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 861 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in Myers Industries during the third quarter worth $57,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MYE. Weiss Ratings restated a “hold (c)” rating on shares of Myers Industries in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Myers Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Zacks Research raised shares of Myers Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.00.

Myers Industries Trading Up 0.3%

Shares of NYSE MYE opened at $22.59 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 1.18. The company has a market cap of $845.09 million, a PE ratio of 30.53 and a beta of 1.08. The company has a 50-day moving average of $20.32 and a two-hundred day moving average of $18.15. Myers Industries, Inc. has a 1-year low of $9.06 and a 1-year high of $23.14.

About Myers Industries

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.