Miller Industries, Inc. (NYSE:MLR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,143 shares of the auto parts company’s stock after selling 1,248 shares during the quarter. The Manufacturers Life Insurance Company owned 0.32% of Miller Industries worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Miller Industries during the 4th quarter worth $36,000. CANADA LIFE ASSURANCE Co acquired a new position in Miller Industries during the fourth quarter worth about $85,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Miller Industries in the fourth quarter valued at about $137,000. LSV Asset Management acquired a new stake in shares of Miller Industries in the fourth quarter valued at approximately $176,000. Finally, Aquatic Capital Management LLC raised its position in shares of Miller Industries by 75.9% during the 4th quarter. Aquatic Capital Management LLC now owns 2,814 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 1,214 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Stock Up 0.7 %

MLR opened at $45.33 on Friday. The firm has a market cap of $519.44 million, a P/E ratio of 7.52 and a beta of 1.20. The business’s fifty day simple moving average is $42.78 and its 200 day simple moving average is $58.78. Miller Industries, Inc. has a 52 week low of $37.40 and a 52 week high of $78.25. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.09. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The business had revenue of $225.65 million for the quarter, compared to analysts’ expectations of $224.35 million. As a group, equities research analysts anticipate that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.76%. Miller Industries’s dividend payout ratio is currently 16.99%.

Miller Industries 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.