JPMorgan Chase & Co. Has $3.83 Million Holdings in Miller Industries, Inc. (NYSE:MLR)

JPMorgan Chase & Co. boosted its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 58.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,606 shares of the auto parts company's stock after acquiring an additional 21,643 shares during the quarter. JPMorgan Chase & Co. owned 0.51% of Miller Industries worth $3,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MLR. Royce & Associates LP lifted its stake in Miller Industries by 29.8% in the fourth quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company's stock valued at $42,132,000 after acquiring an additional 148,079 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Miller Industries by 15.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company's stock valued at $11,652,000 after acquiring an additional 24,427 shares during the period. Barclays PLC increased its holdings in shares of Miller Industries by 115.6% during the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company's stock worth $1,717,000 after purchasing an additional 15,082 shares during the period. State Street Corp grew its holdings in shares of Miller Industries by 4.3% during the 3rd quarter. State Street Corp now owns 230,828 shares of the auto parts company's stock worth $14,081,000 after purchasing an additional 9,482 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Miller Industries during the 3rd quarter worth about $496,000. Hedge funds and other institutional investors own 79.24% of the company's stock.

Miller Industries Price Performance

NYSE:MLR traded up $0.89 on Thursday, reaching $41.89. The stock had a trading volume of 25,921 shares, compared to its average volume of 97,189. The company has a market capitalization of $479.96 million, a P/E ratio of 6.94 and a beta of 1.14. Miller Industries, Inc. has a 1-year low of $37.40 and a 1-year high of $78.25. The stock has a fifty day moving average price of $46.82 and a 200-day moving average price of $60.52. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.20 dividend. The ex-dividend date was Monday, March 17th. This is an increase from Miller Industries's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. Miller Industries's payout ratio is currently 14.57%.

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.