Geode Capital Management LLC Boosts Holdings in Miller Industries, Inc. (NYSE:MLR)

Geode Capital Management LLC increased its stake in Miller Industries, Inc. (NYSE:MLR) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 267,637 shares of the auto parts company’s stock after acquiring an additional 390 shares during the period. Geode Capital Management LLC owned approximately 2.34% of Miller Industries worth $17,497,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MLR. Barclays PLC boosted its holdings in shares of Miller Industries by 115.6% in the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company’s stock valued at $1,717,000 after purchasing an additional 15,082 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Miller Industries by 15.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company’s stock worth $11,652,000 after buying an additional 24,427 shares during the period. Principal Financial Group Inc. acquired a new position in Miller Industries in the third quarter valued at $496,000. Sanctuary Advisors LLC purchased a new stake in Miller Industries during the third quarter valued at about $195,000. Finally, State Street Corp increased its stake in Miller Industries by 4.3% during the third quarter. State Street Corp now owns 230,828 shares of the auto parts company’s stock worth $14,081,000 after acquiring an additional 9,482 shares during the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Stock Performance

NYSE MLR opened at $40.22 on Friday. The business’s 50-day simple moving average is $48.19 and its 200-day simple moving average is $60.96. The firm has a market capitalization of $460.02 million, a P/E ratio of 6.67 and a beta of 1.14. Miller Industries, Inc. has a 1-year low of $37.40 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.99%. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. Miller Industries’s dividend payout ratio is presently 14.57%.

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.