Vanguard Group Inc. lifted its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,495 shares of the auto parts company’s stock after purchasing an additional 6,624 shares during the period. Vanguard Group Inc. owned about 5.04% of Miller Industries worth $14,226,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of MLR. Strs Ohio purchased a new stake in Miller Industries during the 2nd quarter worth approximately $171,000. Alliancebernstein L.P. purchased a new stake in shares of Miller Industries in the 2nd quarter valued at approximately $273,000. Algert Global LLC purchased a new stake in shares of Miller Industries in the 2nd quarter valued at approximately $291,000. Bessemer Group Inc. increased its position in shares of Miller Industries by 8,139.4% in the 2nd quarter. Bessemer Group Inc. now owns 11,700 shares of the auto parts company’s stock valued at $291,000 after purchasing an additional 11,558 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Miller Industries in the 2nd quarter valued at approximately $401,000. Hedge funds and other institutional investors own 84.25% of the company’s stock.
In other Miller Industries news, Director A Russell Chandler III sold 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $25.15, for a total transaction of $25,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.09% of the stock is owned by insiders.
Miller Industries, Inc. (MLR) traded down $0.30 on Monday, hitting $26.35. 45,178 shares of the company traded hands, compared to its average volume of 27,131. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.25 and a quick ratio of 1.64. Miller Industries, Inc. has a twelve month low of $22.80 and a twelve month high of $29.00. The firm has a market capitalization of $303.24, a PE ratio of 16.76 and a beta of 0.56.
Miller Industries (NYSE:MLR) last posted its earnings results on Wednesday, November 8th. The auto parts company reported $0.39 EPS for the quarter. Miller Industries had a net margin of 3.01% and a return on equity of 9.58%. The business had revenue of $153.36 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, December 1st. This represents a $0.72 annualized dividend and a yield of 2.73%. Miller Industries’s payout ratio is 45.28%.
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Miller Industries Profile
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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