Milacron Holdings Corp (NYSE:MCRN) CEO Thomas J. Goeke sold 24,736 shares of the stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $18.71, for a total transaction of $462,810.56. Following the sale, the chief executive officer now directly owns 283,932 shares in the company, valued at $5,312,367.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Milacron opened at $18.93 on Friday, according to MarketBeat Ratings. Milacron Holdings Corp has a 1 year low of $15.09 and a 1 year high of $22.62. The firm has a market cap of $1.35 billion, a P/E ratio of 10.83, a PEG ratio of 1.87 and a beta of 0.67. The company has a current ratio of 2.36, a quick ratio of 1.41 and a debt-to-equity ratio of -7.62.
Milacron (NYSE:MCRN) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Milacron had a net margin of 2.51% and a negative return on equity of 77.35%. The firm had revenue of $310.40 million for the quarter, compared to the consensus estimate of $298.15 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts anticipate that Milacron Holdings Corp will post 1.84 EPS for the current year.
MCRN has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Milacron from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of Milacron from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, TheStreet raised shares of Milacron from a “c+” rating to a “b” rating in a report on Monday, June 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Milacron currently has an average rating of “Hold” and a consensus price target of $23.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in Milacron by 58.1% during the fourth quarter. SG Americas Securities LLC now owns 9,516 shares of the industrial products company’s stock worth $182,000 after buying an additional 3,497 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Milacron during the fourth quarter valued at $193,000. Sciencast Management LP purchased a new position in Milacron during the first quarter valued at $205,000. OppenheimerFunds Inc. purchased a new position in Milacron during the fourth quarter valued at $201,000. Finally, Trexquant Investment LP purchased a new position in Milacron during the first quarter valued at $215,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.
Milacron Company Profile
Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).
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