Miller Industries, Inc. (NYSE:MLR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its stake in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,860 shares of the auto parts company's stock after selling 10,050 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.07% of Miller Industries worth $514,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its position in shares of Miller Industries by 5.5% during the 4th quarter. Hsbc Holdings PLC now owns 4,955 shares of the auto parts company's stock worth $326,000 after acquiring an additional 260 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Miller Industries by 5.2% in the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company's stock valued at $354,000 after purchasing an additional 270 shares during the period. Redmont Wealth Advisors LLC boosted its position in shares of Miller Industries by 2.3% in the 4th quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company's stock valued at $810,000 after purchasing an additional 282 shares during the period. Ellsworth Advisors LLC boosted its position in shares of Miller Industries by 4.2% in the 4th quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company's stock valued at $806,000 after purchasing an additional 492 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Miller Industries in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 79.24% of the company's stock.

Miller Industries Stock Performance

Shares of NYSE MLR traded down $0.44 during trading hours on Friday, reaching $44.31. The stock had a trading volume of 40,270 shares, compared to its average volume of 96,969. Miller Industries, Inc. has a fifty-two week low of $37.40 and a fifty-two week high of $78.25. The firm has a 50-day moving average of $42.65 and a 200-day moving average of $57.56. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market cap of $507.77 million, a price-to-earnings ratio of 7.35 and a beta of 1.20.

Miller Industries (NYSE:MLR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share for the quarter, topping 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 company had revenue of $225.65 million during the quarter, compared to analysts' expectations of $224.35 million. Equities research analysts predict that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. Miller Industries's payout ratio is 16.99%.

Miller Industries 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.