Schwab Charles Investment Management Inc. Has $4.37 Million Position in Milacron Holdings Corp (NYSE:MCRN)

Schwab Charles Investment Management Inc. lifted its holdings in shares of Milacron Holdings Corp (NYSE:MCRN) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 228,159 shares of the industrial products company’s stock after acquiring an additional 9,546 shares during the period. Schwab Charles Investment Management Inc. owned 0.33% of Milacron worth $4,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MCRN. Dimensional Fund Advisors LP raised its position in shares of Milacron by 406.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 261,457 shares of the industrial products company’s stock worth $4,599,000 after acquiring an additional 209,792 shares in the last quarter. State Street Corp raised its position in shares of Milacron by 194.1% during the 2nd quarter. State Street Corp now owns 760,924 shares of the industrial products company’s stock worth $13,386,000 after acquiring an additional 502,221 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Milacron by 174.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,922 shares of the industrial products company’s stock worth $614,000 after acquiring an additional 22,191 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Milacron by 177.6% during the 2nd quarter. California State Teachers Retirement System now owns 79,554 shares of the industrial products company’s stock worth $1,399,000 after acquiring an additional 50,900 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Milacron by 11.9% during the 3rd quarter. Nationwide Fund Advisors now owns 332,995 shares of the industrial products company’s stock worth $5,614,000 after acquiring an additional 35,393 shares in the last quarter.

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Several brokerages have recently weighed in on MCRN. ValuEngine lowered Milacron from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered Milacron from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, TheStreet lowered Milacron from a “b” rating to a “c” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.00.

MCRN traded down $0.89 during trading on Friday, hitting $19.39. 367,588 shares of the stock were exchanged, compared to its average volume of 473,679. The firm has a market cap of $1,354.06, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.92 and a beta of 0.62. Milacron Holdings Corp has a 1-year low of $15.09 and a 1-year high of $22.62. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of -5.90.

Milacron (NYSE:MCRN) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $324.90 million for the quarter, compared to analyst estimates of $302.91 million. Milacron had a negative return on equity of 62.36% and a net margin of 0.09%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. equities analysts expect that Milacron Holdings Corp will post 1.86 EPS for the current fiscal year.

In other news, Director Jim M. Kratochvil sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $21.65, for a total value of $606,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas J. Goeke sold 7,800 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $21.09, for a total value of $164,502.00. The disclosure for this sale can be found here. In the last three months, insiders sold 71,543 shares of company stock worth $1,447,436. Corporate insiders own 2.70% of the company’s stock.

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Milacron Company Profile

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.

Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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