American Century Companies Inc. Raises Holdings in Miller Industries, Inc. (NYSE:MLR)

American Century Companies Inc. lifted its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 18.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,390 shares of the auto parts company’s stock after purchasing an additional 2,923 shares during the period. American Century Companies Inc. owned about 0.16% of Miller Industries worth $1,012,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ellsworth Advisors LLC increased its stake in Miller Industries by 4.9% during the 2nd quarter. Ellsworth Advisors LLC now owns 11,431 shares of the auto parts company’s stock worth $629,000 after buying an additional 531 shares during the period. Innealta Capital LLC bought a new stake in shares of Miller Industries in the 2nd quarter worth about $39,000. Kennedy Capital Management LLC increased its position in shares of Miller Industries by 2.4% in the 1st quarter. Kennedy Capital Management LLC now owns 36,707 shares of the auto parts company’s stock worth $1,839,000 after purchasing an additional 853 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of Miller Industries by 9.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 9,998 shares of the auto parts company’s stock worth $550,000 after purchasing an additional 878 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of Miller Industries by 101.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 913 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Stock Up 1.3 %

MLR stock opened at $61.00 on Tuesday. Miller Industries, Inc. has a 52-week low of $34.96 and a 52-week high of $69.75. The company’s 50 day simple moving average is $60.86 and its 200-day simple moving average is $56.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.44. The firm has a market capitalization of $699.67 million, a P/E ratio of 10.58 and a beta of 0.96.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, August 7th. The auto parts company reported $1.78 earnings per share (EPS) for the quarter. The business had revenue of $371.45 million during the quarter. Miller Industries had a net margin of 5.55% and a return on equity of 20.16%.

Miller Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Monday, September 9th. Miller Industries’s dividend payout ratio is 13.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th.

Miller Industries Company 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.