Miller Industries, Inc. (NYSE:MLR) Holdings Cut by Jane Street Group LLC

Jane Street Group LLC lowered its position in Miller Industries, Inc. (NYSE:MLR - Free Report) by 81.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,464 shares of the auto parts company's stock after selling 28,012 shares during the quarter. Jane Street Group LLC owned 0.06% of Miller Industries worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Miller Industries by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 100,538 shares of the auto parts company's stock valued at $5,532,000 after purchasing an additional 1,253 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Miller Industries by 5.3% in the second quarter. Rhumbline Advisers now owns 18,207 shares of the auto parts company's stock worth $1,002,000 after buying an additional 924 shares during the last quarter. Quest Partners LLC acquired a new stake in Miller Industries in the second quarter valued at $200,000. AdvisorShares Investments LLC increased its position in shares of Miller Industries by 7.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 136,902 shares of the auto parts company's stock worth $7,426,000 after purchasing an additional 9,384 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Miller Industries by 9.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 9,998 shares of the auto parts company's stock valued at $550,000 after purchasing an additional 878 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Price Performance

Shares of Miller Industries stock traded down $0.19 on Wednesday, hitting $65.14. The company had a trading volume of 68,391 shares, compared to its average volume of 64,298. Miller Industries, Inc. has a 52 week low of $38.33 and a 52 week high of $78.25. The company has a market cap of $745.14 million, a PE ratio of 10.80 and a beta of 0.98. The business has a 50-day simple moving average of $69.94 and a 200-day simple moving average of $63.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46.

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, meeting the consensus estimate of $1.33. The business had revenue of $314.27 million during the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same quarter last year, the company earned $1.52 EPS. Research analysts expect that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

The firm 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. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.17%. Miller Industries's dividend payout ratio is currently 12.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com lowered Miller Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. DA Davidson reaffirmed a "buy" rating and issued a $82.00 target price on shares of Miller Industries in a research report on Friday, November 15th.

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.