Milacron Holdings Corp. (NYSE:MCRN) Rating Lowered to Buy at BidaskClub

Milacron Holdings Corp. (NYSE:MCRN) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

MCRN has been the subject of a number of other reports. Zacks Investment Research downgraded Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Robert W. Baird set a $23.00 price target on Milacron Holdings Corp. and gave the stock a “buy” rating in a research report on Wednesday, May 17th.

Shares of Milacron Holdings Corp. (NYSE MCRN) traded up 0.05% on Monday, hitting $18.80. 266,232 shares of the company traded hands. The stock’s market capitalization is $1.30 billion. Milacron Holdings Corp. has a 1-year low of $12.43 and a 1-year high of $19.45. The firm’s 50 day moving average price is $18.34 and its 200-day moving average price is $18.06.

Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $285.40 million during the quarter, compared to the consensus estimate of $270.31 million. Milacron Holdings Corp. had a negative return on equity of 52.73% and a negative net margin of 0.33%. Milacron Holdings Corp.’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. On average, equities research analysts expect that Milacron Holdings Corp. will post $1.61 earnings per share for the current year.

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In other news, Director Ira G. Boots sold 33,688 shares of Milacron Holdings Corp. stock in a transaction on Friday, July 7th. The stock was sold at an average price of $18.25, for a total transaction of $614,806.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ccmp Capital, Lp sold 23,138,380 shares of Milacron Holdings Corp. stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $16.51, for a total value of $382,014,653.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,349,774 shares of company stock valued at $385,855,725. 3.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in MCRN. Bronfman E.L. Rothschild L.P. increased its stake in Milacron Holdings Corp. by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,297 shares of the industrial products company’s stock valued at $117,000 after buying an additional 300 shares during the period. American International Group Inc. increased its stake in Milacron Holdings Corp. by 7.0% in the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock valued at $167,000 after buying an additional 588 shares during the period. Pitcairn Co. increased its stake in Milacron Holdings Corp. by 7.0% in the first quarter. Pitcairn Co. now owns 12,840 shares of the industrial products company’s stock valued at $239,000 after buying an additional 845 shares during the period. State Street Corp increased its stake in Milacron Holdings Corp. by 2.6% in the fourth quarter. State Street Corp now owns 222,615 shares of the industrial products company’s stock valued at $4,144,000 after buying an additional 5,599 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Milacron Holdings Corp. during the first quarter valued at $106,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

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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