November 23, 2016 - By Linda Rogers
The insider of Myers Industries Inc, Gamco Investors – Inc. Et Al, has just sold – 500 shares of the company – coming to a total sell of $7,400 U.S Dollars (this based on average share price of $14.8). The source 4F filing was disclosed on 22/11/2016 with the Security and Exchange Commission and is now readily available here. At present, Gamco Investors – Inc. Et Al has ownership of 2,200 shares or about 10%+ of Myers Industries Inc’s market capitalization.
Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.29, from 1.03 in 2016Q1. The ratio increased, as 2 funds sold all Myers Industries, Inc. shares owned while 36 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 24.31 million shares or 0.14% less from 24.34 million shares in 2016Q1.
Nationwide Fund holds 0% of its portfolio in Myers Industries, Inc. (NYSE:MYE) for 16,627 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 1,139 shares. Pub Sector Pension Invest Board last reported 15,801 shares in the company. Prudential Financial reported 59,617 shares or 0% of all its holdings. Gabelli Funds Ltd Liability Corporation reported 1.54 million shares or 0.13% of all its holdings. The Illinois-based Guggenheim Cap Ltd Liability has invested 0% in Myers Industries, Inc. (NYSE:MYE). Alliancebernstein Ltd Partnership has invested 0% of its portfolio in Myers Industries, Inc. (NYSE:MYE). Segall Bryant & Hamill Limited Liability Corp, a Illinois-based fund reported 592,171 shares. Ameriprise Fincl holds 0% of its portfolio in Myers Industries, Inc. (NYSE:MYE) for 253,680 shares. Menta Capital Limited Liability reported 12,300 shares or 0.02% of all its holdings. Keybank Association Oh holds 0% or 52,399 shares in its portfolio. Tower Research Cap Lc (Trc) last reported 0% of its portfolio in the stock. Voya Invest Mngmt Limited Liability Corporation has 12,057 shares for 0% of their US portfolio. Panagora Asset Mngmt Inc, a Massachusetts-based fund reported 31,248 shares. The New Jersey-based Blackrock Limited Liability Company has invested 0% in Myers Industries, Inc. (NYSE:MYE).
Insider Transactions: Since July 13, 2016, the stock had 2 insider purchases, and 1 sale for $24,422 net activity. Another trade for 1,000 shares valued at $13,995 was made by CROWE JOHN B on Friday, August 12. GAMCO INVESTORS – INC. ET AL sold $18,853 worth of stock or 1,200 shares. SCACCETTI JANE also bought $29,280 worth of Myers Industries, Inc. (NYSE:MYE) on Tuesday, August 16.
About 26,081 shares traded hands. Myers Industries, Inc. (NYSE:MYE) has risen 15.35% since April 21, 2016 and is uptrending. It has outperformed by 10.03% the S&P500.
Myers Industries, Inc. is an international manufacturing and distribution company. The company has a market cap of $467.46 million. The Firm operates through two divisions: Material Handling, which designs, makes and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products. It has a 175.77 P/E ratio. The Material Handling segment offers products under the brands, including Buckhorn, Novel, Jamco Products and Akro-Mils.
According to Zacks Investment Research, “Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire service and undervehicle repair industry in the United States.”
Analysts await Myers Industries, Inc. (NYSE:MYE) to report earnings on February, 23. They expect $0.01 EPS, down 83.33% or $0.05 from last year’s $0.06 per share. MYE’s profit will be $309,576 for 377.50 P/E if the $0.01 EPS becomes a reality. After $0.04 actual EPS reported by Myers Industries, Inc. for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.
More recent Myers Industries, Inc. (NYSE:MYE) news were published by: Crainscleveland.com which released: “Myers Industries Inc. names a new CFO” on October 19, 2016. Also Crainscleveland.com published the news titled: “Myers Industries Inc. of Akron names new CEO” on December 02, 2015. Plasticsnews.com‘s news article titled: “Myers Industries unveils new management structure” with publication date: September 28, 2016 was also an interesting one.
Myers Industries, Inc. (Myers Industries), incorporated on January 3, 1955, is an international manufacturing and distribution company. The Firm operates through two divisions: Material Handling and Distribution. The Firm operates approximately 20 manufacturing facilities, 20 sales offices, four distribution centers and over three distribution branches located across North, Central and South America. The Firm offers approximately 15,500 manufactured products and 12,500 distributed products.
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By Linda Rogers