UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $945,000 in Miller Industries, Inc. (NYSE:MLR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Miller Industries, Inc. (NYSE:MLR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,492 shares of the auto parts company's stock, valued at approximately $945,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Miller Industries as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Miller Industries by 10.2% during the 3rd quarter. FMR LLC now owns 766,623 shares of the auto parts company's stock valued at $46,764,000 after buying an additional 71,231 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Miller Industries by 193.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company's stock valued at $5,670,000 after acquiring an additional 61,247 shares during the period. Royce & Associates LP grew its position in shares of Miller Industries by 12.9% during the 3rd quarter. Royce & Associates LP now owns 496,528 shares of the auto parts company's stock worth $30,288,000 after buying an additional 56,578 shares in the last quarter. Millennium Management LLC lifted its holdings in Miller Industries by 94.1% during the second quarter. Millennium Management LLC now owns 63,360 shares of the auto parts company's stock worth $3,486,000 after buying an additional 30,714 shares during the period. Finally, Narwhal Capital Management lifted its position in Miller Industries by 31.2% during the third quarter. Narwhal Capital Management now owns 113,568 shares of the auto parts company's stock valued at $6,928,000 after acquiring an additional 26,983 shares during the last quarter. Institutional investors own 79.24% of the company's stock.

Analyst Upgrades and Downgrades

MLR has been the topic of several recent research reports. StockNews.com lowered Miller Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. DA Davidson reissued a "buy" rating and issued a $82.00 price target on shares of Miller Industries in a research note on Friday, November 15th.

Miller Industries Stock Performance

Shares of Miller Industries stock traded down $0.48 on Thursday, hitting $67.17. The stock had a trading volume of 72,458 shares, compared to its average volume of 77,430. The company's 50 day moving average price is $69.32 and its 200 day moving average price is $62.99. Miller Industries, Inc. has a 52-week low of $38.33 and a 52-week high of $78.25. The stock has a market cap of $768.36 million, a price-to-earnings ratio of 11.14 and a beta of 0.96. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Miller Industries (NYSE:MLR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 earnings per share for the quarter, hitting analysts' consensus estimates of $1.33. The firm had revenue of $314.27 million for the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same period in the prior year, the company earned $1.52 EPS. On average, research analysts anticipate that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.13%. Miller Industries's payout ratio is currently 12.60%.

About Miller Industries

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.