15,492 Shares in Miller Industries, Inc. (NYSE:MLR) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Miller Industries, Inc. (NYSE:MLR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,492 shares of the auto parts company’s stock, valued at approximately $945,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Miller Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Miller Industries by 90.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,856 shares of the auto parts company’s stock valued at $2,858,000 after purchasing an additional 22,274 shares in the last quarter. Quantbot Technologies LP lifted its stake in Miller Industries by 190.0% in the 3rd quarter. Quantbot Technologies LP now owns 8,679 shares of the auto parts company’s stock valued at $529,000 after buying an additional 5,686 shares in the last quarter. FMR LLC boosted its holdings in Miller Industries by 10.2% in the 3rd quarter. FMR LLC now owns 766,623 shares of the auto parts company’s stock worth $46,764,000 after buying an additional 71,231 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Miller Industries by 188.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,391 shares of the auto parts company’s stock worth $2,281,000 after buying an additional 24,449 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of Miller Industries by 348.1% during the third quarter. Algert Global LLC now owns 28,783 shares of the auto parts company’s stock valued at $1,756,000 after acquiring an additional 22,359 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Miller Industries Trading Down 2.9 %

MLR opened at $67.65 on Thursday. The firm has a market capitalization of $773.85 million, a price-to-earnings ratio of 11.22 and a beta of 0.96. The company’s 50 day simple moving average is $69.32 and its two-hundred day simple moving average is $62.99. Miller Industries, Inc. has a 1-year low of $38.33 and a 1-year high of $78.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46.

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

Miller Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Monday, December 2nd. Miller Industries’s dividend payout ratio (DPR) is 12.60%.

Analysts Set New Price Targets

MLR has been the topic of a number of research analyst reports. StockNews.com lowered Miller Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. DA Davidson reaffirmed a “buy” rating and set a $82.00 target price on shares of Miller Industries in a research note on Friday, November 15th.

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.