Quantbot Technologies LP Grows Holdings in Miller Industries, Inc. $MLR

Key Points

• Quantbot Technologies LP increased its holdings in Miller Industries, Inc. by 138.9% during the first quarter, now owning 10,300 shares valued at approximately $436,000.
• Miller Industries reported $0.73 EPS for the most recent quarter, exceeding analysts' expectations of $0.55, although revenue of $214.03 million fell short of estimates.
• The company has announced a quarterly dividend of $0.20 per share, with a dividend yield of 1.8%, to be paid on September 15th.

Quantbot Technologies LP grew its position in Miller Industries, Inc. (NYSE:MLR - Free Report) by 138.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,300 shares of the auto parts company's stock after buying an additional 5,989 shares during the period. Quantbot Technologies LP owned 0.09% of Miller Industries worth $436,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Miller Industries by 7.3% in the 1st quarter. American Century Companies Inc. now owns 26,879 shares of the auto parts company's stock valued at $1,139,000 after buying an additional 1,840 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of Miller Industries by 6.7% in the 1st quarter. Brandywine Global Investment Management LLC now owns 41,240 shares of the auto parts company's stock valued at $1,747,000 after buying an additional 2,590 shares in the last quarter. FCA Corp TX bought a new stake in shares of Miller Industries in the 1st quarter valued at about $559,000. Nuveen LLC bought a new stake in shares of Miller Industries in the 1st quarter valued at about $1,469,000. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Miller Industries in the 1st quarter valued at about $419,000. 79.24% of the stock is currently owned by institutional investors.

Miller Industries Stock Performance

MLR traded down $0.39 during trading on Friday, reaching $42.06. 90,287 shares of the company's stock were exchanged, compared to its average volume of 155,554. Miller Industries, Inc. has a 1 year low of $33.81 and a 1 year high of $78.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.32 and a quick ratio of 2.19. The stock has a market capitalization of $482.01 million, a P/E ratio of 11.49 and a beta of 1.25. The company's fifty day simple moving average is $43.37 and its 200-day simple moving average is $45.28.

Miller Industries (NYSE:MLR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.18. Miller Industries had a net margin of 4.35% and a return on equity of 10.48%. The company had revenue of $214.03 million during the quarter, compared to analyst estimates of $234.95 million. As a group, research analysts predict that Miller Industries, Inc. will post 5.68 earnings per share for the current fiscal year.

Miller Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Miller Industries's dividend payout ratio (DPR) is currently 21.86%.

Wall Street Analysts Forecast Growth

MLR has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Miller Industries to a "strong sell" rating in a report on Monday, August 11th. DA Davidson lowered their target price on shares of Miller Industries from $66.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $64.00.

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.