Janus Henderson Group PLC Lowers Stake in Miller Industries, Inc. (NYSE:MLR)

Janus Henderson Group PLC cut its stake in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 72.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the auto parts company's stock after selling 11,204 shares during the quarter. Janus Henderson Group PLC's holdings in Miller Industries were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in shares of Miller Industries by 54.2% in the 4th quarter. Deutsche Bank AG now owns 10,230 shares of the auto parts company's stock worth $669,000 after purchasing an additional 3,595 shares during the period. Corton Capital Inc. acquired a new position in Miller Industries in the fourth quarter valued at $236,000. Bosun Asset Management LLC boosted its position in Miller Industries by 33.6% during the fourth quarter. Bosun Asset Management LLC now owns 19,573 shares of the auto parts company's stock valued at $1,279,000 after acquiring an additional 4,926 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Miller Industries during the 4th quarter worth about $377,000. Finally, Bank of America Corp DE grew its holdings in Miller Industries by 54.9% during the 4th quarter. Bank of America Corp DE now owns 33,756 shares of the auto parts company's stock worth $2,206,000 after acquiring an additional 11,964 shares during the period. 79.24% of the stock is owned by institutional investors and hedge funds.

Miller Industries Stock Up 0.6%

NYSE:MLR traded up $0.28 during trading hours on Thursday, reaching $45.56. The company had a trading volume of 60,860 shares, compared to its average volume of 96,898. Miller Industries, Inc. has a twelve month low of $37.40 and a twelve month high of $78.25. 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 firm has a market cap of $522.07 million, a price-to-earnings ratio of 7.56 and a beta of 1.20. The business's 50-day simple moving average is $42.72 and its two-hundred day simple moving average is $56.77.

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

Miller Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, June 2nd. Miller Industries's dividend payout ratio is presently 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.