Milacron Holdings Corp. (MCRN) Rating Lowered to Hold at BidaskClub

BidaskClub lowered shares of Milacron Holdings Corp. (NYSE:MCRN) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Milacron Holdings Corp. from a sell rating to a hold rating in a research report on Monday, October 30th. KeyCorp reaffirmed a buy rating and set a $21.00 price objective on shares of Milacron Holdings Corp. in a research report on Friday, October 20th. Robert W. Baird reaffirmed a buy rating and set a $23.00 price objective on shares of Milacron Holdings Corp. in a research report on Wednesday, October 4th. Finally, TheStreet raised shares of Milacron Holdings Corp. from a d+ rating to a c rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $21.67.

Shares of Milacron Holdings Corp. (NYSE MCRN) opened at $16.72 on Tuesday. Milacron Holdings Corp. has a one year low of $15.00 and a one year high of $19.57. The company has a quick ratio of 1.31, a current ratio of 2.39 and a debt-to-equity ratio of -5.41. The firm has a market cap of $1,143.98, a P/E ratio of 9.75, a PEG ratio of 1.20 and a beta of 0.97.

Milacron Holdings Corp. (NYSE:MCRN) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Milacron Holdings Corp. had a negative net margin of 0.09% and a negative return on equity of 56.93%. The business had revenue of $314.70 million during the quarter, compared to analysts’ expectations of $301.13 million. During the same quarter in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts forecast that Milacron Holdings Corp. will post 1.62 earnings per share for the current year.

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In other Milacron Holdings Corp. news, Director Waters S. Iv Davis sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.79, for a total value of $757,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas J. Goeke purchased 65,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $15.41 per share, with a total value of $1,001,650.00. The disclosure for this purchase can be found here. Insiders sold a total of 220,364 shares of company stock valued at $3,882,001 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its position in Milacron Holdings Corp. by 765.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after buying an additional 5,089 shares during the period. SG Americas Securities LLC purchased a new position in Milacron Holdings Corp. in the 3rd quarter valued at approximately $101,000. Bronfman E.L. Rothschild L.P. boosted its position in Milacron Holdings Corp. by 6.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock valued at $117,000 after buying an additional 379 shares during the period. Victory Capital Management Inc. boosted its position in Milacron Holdings Corp. by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after buying an additional 1,000 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Milacron Holdings Corp. in the 3rd quarter valued at approximately $132,000. 91.42% of the stock is owned by institutional investors.

Milacron Holdings Corp. Company Profile

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

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