Miller Industries, Inc. (NYSE:MLR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,542 shares of the auto parts company’s stock after purchasing an additional 587 shares during the period. Charles Schwab Investment Management Inc. owned about 0.82% of Miller Industries worth $6,114,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC increased its stake in Miller Industries by 115.6% during the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company’s stock worth $1,717,000 after buying an additional 15,082 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Miller Industries by 15.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company’s stock worth $11,652,000 after acquiring an additional 24,427 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Miller Industries during the third quarter worth $496,000. Sanctuary Advisors LLC acquired a new stake in shares of Miller Industries in the third quarter valued at $195,000. Finally, Systematic Financial Management LP boosted its holdings in Miller Industries by 2.0% in the third quarter. Systematic Financial Management LP now owns 395,159 shares of the auto parts company’s stock valued at $24,105,000 after purchasing an additional 7,586 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Trading Up 3.4 %

MLR opened at $44.23 on Tuesday. 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 $505.89 million, a price-to-earnings ratio of 7.33 and a beta of 0.96. The business has a fifty day moving average price of $58.92 and a 200 day moving average price of $63.67. Miller Industries, Inc. has a 12 month low of $41.38 and a 12 month high of $78.25.

Miller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. Miller Industries’s dividend payout ratio is presently 14.57%.

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.