Miller Industries, Inc. (NYSE:MLR) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,672 shares of the auto parts company’s stock after buying an additional 990 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.58% of Miller Industries worth $4,067,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MLR. AdvisorShares Investments LLC grew its holdings in Miller Industries by 7.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 136,902 shares of the auto parts company’s stock worth $7,426,000 after acquiring an additional 9,384 shares in the last quarter. Narwhal Capital Management lifted its position in shares of Miller Industries by 31.2% during the 3rd quarter. Narwhal Capital Management now owns 113,568 shares of the auto parts company’s stock worth $6,928,000 after purchasing an additional 26,983 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Miller Industries during the second quarter worth $468,000. Summit Global Investments purchased a new position in Miller Industries in the third quarter valued at $611,000. Finally, Cubist Systematic Strategies LLC raised its stake in Miller Industries by 2.5% in the second quarter. Cubist Systematic Strategies LLC now owns 8,220 shares of the auto parts company’s stock valued at $452,000 after buying an additional 201 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Stock Performance

Shares of MLR stock opened at $71.89 on Friday. The stock’s 50-day moving average is $64.78 and its two-hundred day moving average is $61.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. Miller Industries, Inc. has a 1 year low of $38.33 and a 1 year high of $78.25. The firm has a market cap of $822.42 million, a price-to-earnings ratio of 11.15 and a beta of 0.94.

Miller Industries (NYSE:MLR) last released its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, hitting the consensus estimate of $1.33. The company had revenue of $314.27 million for the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same period last year, the firm earned $1.52 EPS. Analysts predict that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, December 2nd. Miller Industries’s payout ratio is currently 12.60%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com downgraded Miller Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. DA Davidson reiterated a “buy” rating and issued a $82.00 price target on shares of Miller Industries in a research note 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.