Miller Industries, Inc. (NYSE:MLR) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Miller Industries, Inc. (NYSE:MLR) by 5.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,423 shares of the auto parts company’s stock after buying an additional 270 shares during the quarter. SG Americas Securities LLC’s holdings in Miller Industries were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MLR. FMR LLC grew its position in Miller Industries by 10.2% in the third quarter. FMR LLC now owns 766,623 shares of the auto parts company’s stock worth $46,764,000 after buying an additional 71,231 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Miller Industries by 193.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company’s stock worth $5,670,000 after buying an additional 61,247 shares during the last quarter. Royce & Associates LP grew its position in Miller Industries by 12.9% in the third quarter. Royce & Associates LP now owns 496,528 shares of the auto parts company’s stock worth $30,288,000 after buying an additional 56,578 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in 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 worth $22,435,000 after buying an additional 37,480 shares during the last quarter. Finally, Millennium Management LLC grew its position in Miller Industries by 94.1% in the second quarter. Millennium Management LLC now owns 63,360 shares of the auto parts company’s stock worth $3,486,000 after buying an additional 30,714 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Trading Down 2.7 %

Shares of NYSE:MLR opened at $64.18 on Tuesday. The firm has a fifty day moving average of $68.89 and a two-hundred day moving average of $65.23. The firm has a market capitalization of $734.24 million, a P/E ratio of 10.64 and a beta of 0.98. Miller Industries, Inc. has a 12-month low of $39.92 and a 12-month high of $78.25. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

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

Miller Industries Dividend Announcement

The firm 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 dividend yield of 1.18%. The ex-dividend date was Monday, December 2nd. Miller Industries’s payout ratio is presently 12.60%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MLR. StockNews.com cut shares of Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. DA Davidson reiterated a “buy” rating and set a $82.00 price objective on shares of Miller Industries in a research report on Friday, November 15th.

About Miller Industries

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.