Jacobs Levy Equity Management Inc. Sells 10,050 Shares of Miller Industries, Inc. (NYSE:MLR)

Jacobs Levy Equity Management Inc. trimmed its position in Miller Industries, Inc. (NYSE:MLR - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,860 shares of the auto parts company's stock after selling 10,050 shares during the period. Jacobs Levy Equity Management Inc. owned 0.07% of Miller Industries worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MLR. R Squared Ltd purchased a new stake in shares of Miller Industries in the 4th quarter worth about $36,000. CANADA LIFE ASSURANCE Co bought a new stake in Miller Industries during the fourth quarter worth about $85,000. KLP Kapitalforvaltning AS purchased a new stake in Miller Industries in the fourth quarter worth about $137,000. LSV Asset Management bought a new position in shares of Miller Industries during the fourth quarter valued at approximately $176,000. Finally, Aquatic Capital Management LLC increased its stake in shares of 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 in the last quarter. Institutional investors own 79.24% of the company's stock.

Miller Industries Stock Down 0.9%

Shares of MLR traded down $0.43 during mid-day trading on Tuesday, reaching $46.24. The company had a trading volume of 52,987 shares, compared to its average volume of 97,073. 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 company has a market capitalization of $529.86 million, a price-to-earnings ratio of 7.67 and a beta of 1.20. The firm has a 50-day moving average price of $42.60 and a 200 day moving average price of $57.88. Miller Industries, Inc. has a 52 week low of $37.40 and a 52 week high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last announced 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. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The business had revenue of $225.65 million during the quarter, compared to analysts' expectations of $224.35 million. On average, sell-side analysts forecast that Miller Industries, Inc. will post 5.68 EPS 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, June 2nd. Miller Industries's payout ratio is 16.99%.

About Miller Industries

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.