Jane Street Group LLC Reduces Holdings in Miller Industries, Inc. (NYSE:MLR)

Jane Street Group LLC cut its position in Miller Industries, Inc. (NYSE:MLR) by 81.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,464 shares of the auto parts company’s stock after selling 28,012 shares during the period. Jane Street Group LLC’s holdings in Miller Industries were worth $394,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MLR. FMR LLC lifted its holdings in Miller Industries by 10.2% in the third quarter. FMR LLC now owns 766,623 shares of the auto parts company’s stock valued at $46,764,000 after acquiring an additional 71,231 shares during the period. Royce & Associates LP raised its stake in Miller Industries by 12.9% in the 3rd quarter. Royce & Associates LP now owns 496,528 shares of the auto parts company’s stock valued at $30,288,000 after purchasing an additional 56,578 shares during the last quarter. Systematic Financial Management LP grew its stake in Miller Industries by 2.0% during the 3rd quarter. Systematic Financial Management LP now owns 395,159 shares of the auto parts company’s stock valued at $24,105,000 after acquiring an additional 7,586 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Miller Industries by 11.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 367,793 shares of the auto parts company’s stock valued at $22,435,000 after purchasing an additional 37,480 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Miller Industries by 4.3% during the 3rd quarter. State Street Corp now owns 230,828 shares of the auto parts company’s stock valued at $14,081,000 after acquiring an additional 9,482 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Trading Down 1.5 %

Shares of Miller Industries stock opened at $65.38 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Miller Industries, Inc. has a 12-month low of $38.33 and a 12-month high of $78.25. The stock has a market cap of $747.88 million, a price-to-earnings ratio of 10.84 and a beta of 0.98. The company has a fifty day simple moving average of $69.99 and a 200-day simple moving average of $63.82.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, meeting the consensus estimate of $1.33. The firm had revenue of $314.27 million during the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same period in the prior year, the company earned $1.52 earnings per share. On average, equities analysts forecast that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, December 2nd. Miller Industries’s payout ratio is currently 12.60%.

Analyst Ratings Changes

A number of research firms recently commented on MLR. StockNews.com cut Miller Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price target on shares of Miller Industries in a research report on Friday, November 15th.

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.