22,198 Shares in Miller Industries, Inc. (NYSE:MLR) Purchased by Isthmus Partners LLC

Isthmus Partners LLC acquired a new position in Miller Industries, Inc. (NYSE:MLR) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 22,198 shares of the auto parts company’s stock, valued at approximately $1,354,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Miller Industries in the 3rd quarter valued at about $945,000. BNP Paribas Financial Markets grew its position in Miller Industries by 90.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,856 shares of the auto parts company’s stock valued at $2,858,000 after buying an additional 22,274 shares in the last quarter. Quantbot Technologies LP grew its position in Miller Industries by 190.0% in the 3rd quarter. Quantbot Technologies LP now owns 8,679 shares of the auto parts company’s stock valued at $529,000 after buying an additional 5,686 shares in the last quarter. FMR LLC grew its position in 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. Finally, The Manufacturers Life Insurance Company grew its position in Miller Industries by 188.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,391 shares of the auto parts company’s stock valued at $2,281,000 after buying an additional 24,449 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

NYSE:MLR opened at $74.72 on Friday. Miller Industries, Inc. has a twelve month low of $38.33 and a twelve month 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. The company has a 50-day moving average of $66.24 and a 200-day moving average of $61.70. The firm has a market cap of $854.80 million, a price-to-earnings ratio of 12.39 and a beta of 0.94.

Miller Industries (NYSE:MLR) last posted 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 net margin of 5.23% and a return on equity of 18.76%. The company had revenue of $314.27 million during the quarter. During the same quarter last year, the business posted $1.52 EPS. Analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current fiscal year.

Miller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, December 2nd. Miller Industries’s dividend payout ratio is presently 12.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MLR. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. DA Davidson restated a “buy” rating and set a $82.00 price objective 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.