Milacron (MCRN) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Milacron (NYSE:MCRN) from a buy rating to a hold rating in a research note released on Monday morning.

According to Zacks, “Milacron’s year-to-date orders have gone up 10%, reflecting continued strength in high-growth regions and a solid order book. The company had raised organic sales growth guidance to 3.0-3.5%. Adjusted EBITDA guidance was tightened to $222-$224 million range to reflect higher material input costs and operational inefficiencies in Europe. However, pricing pressure in the Advanced Plastic Processing Technologies segment and high debt level remains concerns. The company’s shares have underperformed the industry in a year. Nevertheless, Milacron’s revenue growth will be supported from underlying market growth in key segments, geographic expansion of certain product lines, consistent penetration of hot runners, and incremental share gain from new products. Cost-reduction initiatives will help boost margins.”

A number of other research firms have also recently commented on MCRN. KeyCorp restated a buy rating and issued a $21.00 price target on shares of Milacron in a report on Friday, October 20th. BidaskClub upgraded shares of Milacron from a hold rating to a buy rating in a report on Friday, October 13th. TheStreet upgraded shares of Milacron from a c rating to a b rating in a report on Wednesday, December 13th. Finally, Robert W. Baird reiterated a buy rating and set a $23.00 price objective on shares of Milacron in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $21.50.

Milacron (NYSE:MCRN) traded down $0.20 during trading hours on Monday, reaching $18.81. 336,100 shares of the company’s stock were exchanged, compared to its average volume of 486,350. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. The firm has a market capitalization of $1,310.00 and a PE ratio of -627.00. Milacron has a 1-year low of $15.09 and a 1-year high of $19.57.

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

In other news, CFO Bruce A. Chalmers sold 8,600 shares of Milacron stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $18.18, for a total transaction of $156,348.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Ronald M. Krisanda sold 8,820 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $18.57, for a total transaction of $163,787.40. The disclosure for this sale can be found here. Insiders have sold 11,129,039 shares of company stock valued at $178,449,583 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its holdings in Milacron by 765.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 5,089 shares during the last quarter. SG Americas Securities LLC purchased a new position in Milacron during the third quarter worth about $101,000. Victory Capital Management Inc. boosted its holdings in Milacron by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,000 shares during the last quarter. Quantbot Technologies LP purchased a new position in Milacron during the third quarter worth about $132,000. Finally, Tudor Investment Corp ET AL purchased a new position in Milacron during the second quarter worth about $185,000. Institutional investors and hedge funds own 99.73% of the company’s stock.

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Milacron 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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