Miller Industries, Inc. (NYSE:MLR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,812 shares of the auto parts company's stock after selling 7,254 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of Miller Industries worth $5,478,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MLR. R Squared Ltd purchased a new stake in shares of Miller Industries in the fourth quarter worth about $36,000. Sanctuary Advisors LLC acquired a new stake in shares of Miller Industries during the 3rd quarter worth approximately $195,000. Yorktown Management & Research Co Inc purchased a new position in shares of Miller Industries during the 4th quarter valued at approximately $307,000. SG Americas Securities LLC lifted its stake in shares of Miller Industries by 5.2% in the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company's stock valued at $354,000 after purchasing an additional 270 shares during the period. Finally, Verition Fund Management LLC boosted its holdings 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 in the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Stock Performance

MLR stock traded up $0.00 during midday trading on Thursday, hitting $44.51. 60,552 shares of the stock traded hands, compared to its average volume of 88,251. Miller Industries, Inc. has a 1-year low of $41.38 and a 1-year high of $78.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The stock's fifty day simple moving average is $60.14 and its 200-day simple moving average is $63.96. The firm has a market cap of $509.17 million, a P/E ratio of 7.37 and a beta of 0.96.

Remove Ads

Miller Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a $0.20 dividend. This is a boost from Miller Industries's previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.80%. Miller Industries's dividend payout ratio is presently 14.57%.

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.