Two Sigma Investments LP Boosts Stock Holdings in Miller Industries, Inc. (NYSE:MLR)

Two Sigma Investments LP raised its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 186.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,340 shares of the auto parts company's stock after purchasing an additional 8,691 shares during the quarter. Two Sigma Investments LP owned 0.12% of Miller Industries worth $872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Miller Industries by 15.9% in 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 acquiring an additional 24,427 shares during the last quarter. Principal Financial Group Inc. raised its position in Miller Industries by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 8,887 shares of the auto parts company's stock worth $581,000 after purchasing an additional 757 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Miller Industries by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 93,542 shares of the auto parts company's stock worth $6,114,000 after purchasing an additional 587 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Miller Industries in the fourth quarter worth about $217,000. Finally, Royce & Associates LP boosted its position in shares of Miller Industries by 29.8% during the fourth 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. Institutional investors own 79.24% of the company's stock.

Miller Industries Trading Up 0.7%

Shares of NYSE MLR traded up $0.32 during midday trading on Tuesday, hitting $46.11. The company's stock had a trading volume of 42,656 shares, compared to its average volume of 96,517. Miller Industries, Inc. has a 12-month low of $37.40 and a 12-month high of $78.25. 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 $528.40 million, a P/E ratio of 7.65 and a beta of 1.24. The business's 50 day moving average is $43.14 and its two-hundred day moving average is $55.16.

Miller Industries (NYSE:MLR - Get Free Report) last released its earnings results 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 business had revenue of $225.65 million for the quarter, compared to analyst estimates of $224.35 million. As a group, equities research analysts expect that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was 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.