Barclays PLC Has $1.72 Million Stock Holdings in Miller Industries, Inc. (NYSE:MLR)

Barclays PLC increased its position in shares of Miller Industries, Inc. (NYSE:MLR) by 115.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,131 shares of the auto parts company’s stock after purchasing an additional 15,082 shares during the quarter. Barclays PLC owned approximately 0.25% of Miller Industries worth $1,717,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC grew its stake in Miller Industries by 3.5% during the third quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company’s stock worth $352,000 after buying an additional 194 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Miller Industries by 2.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,220 shares of the auto parts company’s stock worth $452,000 after acquiring an additional 201 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in Miller Industries by 3.6% during the 3rd quarter. Ellsworth Advisors LLC now owns 11,842 shares of the auto parts company’s stock valued at $722,000 after purchasing an additional 411 shares in the last quarter. Point72 DIFC Ltd raised its position in Miller Industries by 146.9% in the 2nd quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 595 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Miller Industries in the 2nd quarter valued at $39,000. 79.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MLR. DA Davidson restated a “buy” rating and set a $82.00 target price on shares of Miller Industries in a report on Friday, November 15th. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Miller Industries Stock Performance

MLR stock opened at $65.70 on Friday. The company has a 50 day moving average price of $69.86 and a 200 day moving average price of $63.39. Miller Industries, Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $78.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The stock has a market capitalization of $751.54 million, a PE ratio of 10.90 and a beta of 0.96.

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

Miller Industries Dividend Announcement

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

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.