Barclays PLC Buys 15,082 Shares of Miller Industries, Inc. (NYSE:MLR)

Barclays PLC boosted its stake in Miller Industries, Inc. (NYSE:MLR - Free Report) by 115.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,131 shares of the auto parts company's stock after purchasing an additional 15,082 shares during the quarter. Barclays PLC owned about 0.25% of Miller Industries worth $1,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MLR. FMR LLC raised its position in shares of Miller Industries by 10.2% in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Miller Industries by 193.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company's stock valued at $5,670,000 after purchasing an additional 61,247 shares in the last quarter. Royce & Associates LP lifted its stake in Miller Industries by 12.9% during the third quarter. Royce & Associates LP now owns 496,528 shares of the auto parts company's stock worth $30,288,000 after purchasing an additional 56,578 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Miller Industries by 11.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 367,793 shares of the auto parts company's stock valued at $22,435,000 after purchasing an additional 37,480 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Miller Industries by 94.1% in the 2nd quarter. Millennium Management LLC now owns 63,360 shares of the auto parts company's stock valued at $3,486,000 after purchasing an additional 30,714 shares in the last quarter. Institutional investors own 79.24% of the company's stock.

Miller Industries Price Performance

Miller Industries stock traded down $1.96 during mid-day trading on Friday, reaching $65.70. The company had a trading volume of 49,419 shares, compared to its average volume of 77,721. The business has a fifty day simple moving average of $69.86 and a 200 day simple moving average of $63.43. The company has a market cap of $751.54 million, a P/E ratio of 10.90 and a beta of 0.96. Miller Industries, Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $78.25. 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 released its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The company had revenue of $314.27 million for the quarter. During the same period last year, the business earned $1.52 EPS. On average, equities research analysts predict that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, December 2nd. Miller Industries's dividend payout ratio is currently 12.60%.

Analysts Set New Price Targets

MLR has been the subject of a number of research analyst reports. StockNews.com cut Miller Industries from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th. DA Davidson reissued a "buy" rating and set a $82.00 target price on shares of Miller Industries in a research note on Friday, November 15th.

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.