Northern Trust Corp Has $7.27 Million Stake in Miller Industries, Inc. (NYSE:MLR)

Northern Trust Corp increased its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,202 shares of the auto parts company's stock after buying an additional 5,921 shares during the quarter. Northern Trust Corp owned 0.97% of Miller Industries worth $7,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MLR. Aquatic Capital Management LLC increased its position in Miller Industries by 75.9% in the 4th quarter. Aquatic Capital Management LLC now owns 2,814 shares of the auto parts company's stock valued at $184,000 after acquiring an additional 1,214 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Miller Industries in the fourth quarter worth approximately $862,000. Price T Rowe Associates Inc. MD boosted its stake in Miller Industries by 19.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,317 shares of the auto parts company's stock worth $283,000 after acquiring an additional 702 shares in the last quarter. Harvest Investment Services LLC increased its position in Miller Industries by 30.3% in the 4th quarter. Harvest Investment Services LLC now owns 23,747 shares of the auto parts company's stock valued at $1,552,000 after buying an additional 5,520 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Miller Industries by 5.5% during the fourth quarter. Hsbc Holdings PLC now owns 4,955 shares of the auto parts company's stock worth $326,000 after purchasing an additional 260 shares during the period. 79.24% of the stock is owned by institutional investors.

Miller Industries Stock Up 0.6%

Shares of NYSE MLR opened at $46.64 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The company has a 50-day moving average price of $42.60 and a 200-day moving average price of $57.88. The stock has a market capitalization of $534.45 million, a P/E ratio of 7.73 and a beta of 1.20. Miller Industries, Inc. has a 1 year low of $37.40 and a 1 year high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $224.35 million. On average, equities research analysts forecast that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be paid 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 dividend yield of 1.72%. 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.

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