Milacron (MCRN) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Milacron (NYSE:MCRN) from a buy rating to a hold rating in a report released on Tuesday, February 6th.

According to Zacks, “Milacron’s year-to-date orders have gone up 10%, reflecting continued strength in high-growth regions and a solid order book. The company had raised organic sales growth guidance to 3.0-3.5%. Adjusted EBITDA guidance was tightened to $222-$224 million range to reflect higher material input costs and operational inefficiencies in Europe. However, pricing pressure in the Advanced Plastic Processing Technologies segment and high debt level remains concerns. The company’s shares have underperformed the industry in a year. Nevertheless, Milacron’s revenue growth will be supported from underlying market growth in key segments, geographic expansion of certain product lines, consistent penetration of hot runners, and incremental share gain from new products. Cost-reduction initiatives will help boost margins.”

A number of other equities analysts also recently commented on MCRN. TheStreet downgraded Milacron from a b rating to a c rating in a research report on Friday, January 26th. BidaskClub upgraded Milacron from a hold rating to a buy rating in a research report on Friday, October 13th. Finally, KeyCorp restated a buy rating and issued a $21.00 target price on shares of Milacron in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $22.00.

Shares of Milacron (MCRN) traded up $0.03 during trading on Tuesday, reaching $17.64. The company had a trading volume of 13,547 shares, compared to its average volume of 379,587. Milacron has a 52-week low of $15.09 and a 52-week high of $19.57. The stock has a market capitalization of $1,220.00 and a P/E ratio of -587.00. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.31 and a current ratio of 2.39.

In other Milacron news, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of Milacron stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total transaction of $175,585,488.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce A. Chalmers sold 8,600 shares of Milacron stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $18.18, for a total value of $156,348.00. The disclosure for this sale can be found here. Insiders sold 11,127,448 shares of company stock valued at $178,428,227 over the last ninety days. Insiders own 3.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of MCRN. Schwab Charles Investment Management Inc. lifted its holdings in shares of Milacron by 133.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,957 shares of the industrial products company’s stock valued at $3,219,000 after purchasing an additional 104,733 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Milacron by 215.5% in the 2nd quarter. Legal & General Group Plc now owns 10,772 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 7,358 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Milacron by 57.1% in the 2nd quarter. Swiss National Bank now owns 79,800 shares of the industrial products company’s stock valued at $1,404,000 after purchasing an additional 29,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Milacron by 555.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,432 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 28,332 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Milacron by 307.5% in the 2nd quarter. Alliancebernstein L.P. now owns 54,600 shares of the industrial products company’s stock valued at $960,000 after purchasing an additional 41,200 shares during the last quarter.

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About Milacron

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

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