California State Teachers Retirement System Has $56,000 Position in Miller Industries, Inc. (NYSE:MLR)

California State Teachers Retirement System cut its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 38.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,118 shares of the auto parts company’s stock after selling 712 shares during the quarter. California State Teachers Retirement System’s holdings in Miller Industries were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MLR. Hillsdale Investment Management Inc. boosted its position in Miller Industries by 11.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,800 shares of the auto parts company’s stock valued at $161,000 after buying an additional 400 shares in the last quarter. Kennedy Capital Management LLC grew its position in Miller Industries by 2.4% during the 1st quarter. Kennedy Capital Management LLC now owns 36,707 shares of the auto parts company’s stock worth $1,839,000 after acquiring an additional 853 shares during the last quarter. EntryPoint Capital LLC raised its position in Miller Industries by 101.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 913 shares during the last quarter. AJOVista LLC acquired a new position in Miller Industries in the fourth quarter worth $69,000. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Miller Industries during the fourth quarter worth $107,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Price Performance

MLR opened at $60.48 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.36. The stock has a market capitalization of $693.71 million, a P/E ratio of 10.55 and a beta of 0.96. The company’s 50 day simple moving average is $59.32 and its 200-day simple moving average is $53.61. Miller Industries, Inc. has a one year low of $34.96 and a one year high of $69.75.

Miller Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.26%. Miller Industries’s dividend payout ratio (DPR) is currently 13.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Miller Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.