Myers IndustriesMYE
Market Cap: $521M
About: Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment, which designs manufactures, and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles. It generates the majority of its revenue from the Material Handling segment.
Employees: 2,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
95% more call options, than puts
Call options by funds: $39K | Put options by funds: $20K
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1.21% less ownership
Funds ownership: 93.29% [Q1] → 92.08% (-1.21%) [Q2]
7% less funds holding
Funds holding: 175 [Q1] → 163 (-12) [Q2]
20% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 65
33% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 36
42% less capital invested
Capital invested by funds: $796M [Q1] → $458M (-$338M) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Keybanc Steve Barger 30% 1-year accuracy 6 / 20 met price target | 93%upside $27 | Overweight Maintained | 2 Aug 2024 |