Harbor Capital Advisors Inc. Buys 13,949 Shares of Miller Industries, Inc. (NYSE:MLR)

Harbor Capital Advisors Inc. raised its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 64.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,724 shares of the auto parts company's stock after buying an additional 13,949 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.31% of Miller Industries worth $1,514,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Royce & Associates LP raised its holdings in Miller Industries by 29.8% in the 4th quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company's stock valued at $42,132,000 after acquiring an additional 148,079 shares in the last quarter. Systematic Financial Management LP raised its holdings in Miller Industries by 2.0% in the 4th quarter. Systematic Financial Management LP now owns 403,191 shares of the auto parts company's stock valued at $26,353,000 after acquiring an additional 8,032 shares in the last quarter. Franklin Resources Inc. raised its holdings in Miller Industries by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 248,555 shares of the auto parts company's stock valued at $16,246,000 after acquiring an additional 1,511 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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 valued at $11,652,000 after acquiring an additional 24,427 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new position in Miller Industries in the 4th quarter valued at approximately $9,366,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Miller Industries Stock Performance

Miller Industries stock traded up $0.39 during trading hours on Monday, hitting $44.13. The stock had a trading volume of 54,244 shares, compared to its average volume of 96,349. The company has a 50-day moving average of $43.58 and a two-hundred day moving average of $54.21. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $505.73 million, a PE ratio of 7.32 and a beta of 1.24. Miller Industries, Inc. has a fifty-two week low of $37.40 and a fifty-two week high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm 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%. On average, equities research analysts anticipate that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Miller Industries's dividend 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.