Miller Industries, Inc. (NYSE:MLR) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Miller Industries, Inc. (NYSE:MLR) by 115.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. FMR LLC lifted its holdings in Miller Industries by 10.2% during the 3rd 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. lifted its holdings in shares of Miller Industries by 193.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company’s stock worth $5,670,000 after purchasing an additional 61,247 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Miller Industries by 12.9% during the third quarter. Royce & Associates LP now owns 496,528 shares of the auto parts company’s stock valued at $30,288,000 after acquiring an additional 56,578 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Miller Industries by 11.3% in the 3rd 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, Millennium Management LLC grew its holdings in Miller Industries by 94.1% in the 2nd 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 in the last quarter. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

NYSE:MLR opened at $63.38 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $69.83 and a 200-day moving average of $64.00. Miller Industries, Inc. has a twelve month low of $38.33 and a twelve month high of $78.25. The firm has a market cap of $725.00 million, a price-to-earnings ratio of 10.51 and a beta of 0.98.

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

Miller Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, December 2nd. Miller Industries’s dividend payout ratio is 12.60%.

Wall Street Analyst Weigh In

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

Miller Industries 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.