Allspring Global Investments Holdings LLC Acquires 24,427 Shares of Miller Industries, Inc. (NYSE:MLR)

Allspring Global Investments Holdings LLC grew its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,271 shares of the auto parts company's stock after buying an additional 24,427 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.56% of Miller Industries worth $11,652,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Verition Fund Management LLC boosted its stake in Miller Industries by 3.5% during the third quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company's stock worth $352,000 after buying an additional 194 shares during the period. SG Americas Securities LLC boosted its stake in shares of Miller Industries by 5.2% during the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company's stock worth $354,000 after purchasing an additional 270 shares during the period. Redmont Wealth Advisors LLC grew its holdings in Miller Industries by 2.3% during the 4th quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company's stock valued at $810,000 after purchasing an additional 282 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Miller Industries by 1.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,775 shares of the auto parts company's stock worth $1,423,000 after purchasing an additional 295 shares during the period. Finally, Ellsworth Advisors LLC lifted its stake in Miller Industries by 4.2% in the fourth quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company's stock worth $806,000 after purchasing an additional 492 shares during the last quarter. Institutional investors own 79.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com cut Miller Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. DA Davidson restated a "buy" rating and set a $82.00 price objective on shares of Miller Industries in a report on Friday, November 15th.

Miller Industries Trading Down 1.1 %

MLR stock traded down $0.69 during trading on Friday, hitting $60.21. The company had a trading volume of 117,566 shares, compared to its average volume of 86,693. Miller Industries, Inc. has a 52-week low of $42.36 and a 52-week high of $78.25. The company has a 50 day simple moving average of $66.19 and a 200-day simple moving average of $65.10. The firm has a market capitalization of $688.80 million, a P/E ratio of 9.99 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

Miller Industries Company Profile

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.