Barclays PLC Grows Stock Holdings in Miller Industries, Inc. (NYSE:MLR)

Barclays PLC increased its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 115.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,131 shares of the auto parts company's stock after purchasing an additional 15,082 shares during the period. Barclays PLC owned 0.25% of Miller Industries worth $1,717,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Point72 DIFC Ltd boosted its position in Miller Industries by 146.9% during the 2nd quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company's stock valued at $55,000 after acquiring an additional 595 shares in the last quarter. Quest Partners LLC bought a new stake in Miller Industries during the second quarter valued at about $200,000. Lakewood Asset Management LLC bought a new stake in Miller Industries during the third quarter valued at about $250,000. SG Americas Securities LLC grew its stake in Miller Industries by 84.8% in the third quarter. SG Americas Securities LLC now owns 5,153 shares of the auto parts company's stock valued at $314,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in Miller Industries by 3.5% in the third quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company's stock worth $352,000 after purchasing 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 Down 2.7 %

NYSE:MLR traded down $1.75 during mid-day trading on Friday, hitting $63.38. 96,455 shares of the company's stock traded hands, compared to its average volume of 69,643. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. The company has a market capitalization of $725.00 million, a P/E ratio of 10.51 and a beta of 0.98. The company has a fifty day moving average of $69.83 and a 200 day moving average of $64.06. Miller Industries, Inc. has a twelve month low of $38.33 and a twelve month high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, meeting the consensus estimate of $1.33. The firm had revenue of $314.27 million during the quarter. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. During the same period in the previous year, the business earned $1.52 earnings per share. On average, analysts forecast that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.19 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. Miller Industries's payout ratio is currently 12.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MLR. DA Davidson restated a "buy" rating and issued a $82.00 price target on shares of Miller Industries in a report on Friday, November 15th. StockNews.com lowered shares of Miller Industries from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th.

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.