Miller Industries, Inc. (NYSE:MLR) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in Miller Industries, Inc. (NYSE:MLR - Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MLR. Royce & Associates LP boosted its position in Miller Industries by 29.8% in the 4th quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company's stock valued at $42,132,000 after buying an additional 148,079 shares during the period. Portolan Capital Management LLC purchased a new position in Miller Industries in the fourth quarter valued at $9,366,000. Norges Bank acquired a new position in Miller Industries during the 4th quarter worth $1,850,000. Allspring Global Investments Holdings LLC grew its stake in Miller Industries by 15.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company's stock worth $11,652,000 after purchasing an additional 24,427 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Miller Industries by 58.6% during the 4th quarter. JPMorgan Chase & Co. now owns 58,606 shares of the auto parts company's stock worth $3,830,000 after purchasing an additional 21,643 shares during the period. Hedge funds and other institutional investors own 79.24% of the company's stock.

Miller Industries Stock Down 1.0%

MLR stock traded down $0.44 during mid-day trading on Friday, reaching $44.31. The company had a trading volume of 40,270 shares, compared to its average volume of 97,202. The firm has a fifty day simple moving average of $42.65 and a 200 day simple moving average of $57.14. 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 $507.77 million, a price-to-earnings ratio of 7.35 and a beta of 1.20. Miller Industries, Inc. has a fifty-two week low of $37.40 and a fifty-two week high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share 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 firm had revenue of $225.65 million for the quarter, compared to analysts' expectations of $224.35 million. Analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current fiscal year.

Miller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Miller Industries's dividend payout ratio (DPR) is currently 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.