BNP Paribas Financial Markets Buys 10,526 Shares of Miller Industries, Inc. (NYSE:MLR)

BNP Paribas Financial Markets grew its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,382 shares of the auto parts company's stock after acquiring an additional 10,526 shares during the quarter. BNP Paribas Financial Markets owned 0.50% of Miller Industries worth $3,750,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MLR. R Squared Ltd acquired a new position in shares of Miller Industries during the fourth quarter worth about $36,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Miller Industries during the fourth quarter worth about $85,000. KLP Kapitalforvaltning AS acquired a new position in shares of Miller Industries during the fourth quarter worth about $137,000. LSV Asset Management acquired a new position in shares of Miller Industries during the fourth quarter worth about $176,000. Finally, Aquatic Capital Management LLC boosted its position in Miller Industries by 75.9% during the fourth quarter. Aquatic Capital Management LLC now owns 2,814 shares of the auto parts company's stock valued at $184,000 after purchasing an additional 1,214 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.

Miller Industries Stock Down 0.8%

NYSE MLR traded down $0.36 during trading hours on Tuesday, hitting $46.31. 2,182 shares of the company traded hands, compared to its average volume of 96,851. The business's 50-day moving average is $42.60 and its 200-day moving average is $57.88. Miller Industries, Inc. has a twelve month low of $37.40 and a twelve month high of $78.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. The stock has a market capitalization of $530.63 million, a price-to-earnings ratio of 7.67 and a beta of 1.20.

Miller Industries (NYSE:MLR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.09. The company had revenue of $225.65 million during the quarter, compared to analysts' expectations of $224.35 million. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. Sell-side analysts anticipate that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.73%. Miller Industries's payout ratio is currently 16.99%.

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.