Miller Industries, Inc. (NYSE:MLR) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 58.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,606 shares of the auto parts company's stock after purchasing an additional 21,643 shares during the period. JPMorgan Chase & Co. owned 0.51% of Miller Industries worth $3,830,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MLR. Royce & Associates LP grew its stake in Miller Industries by 29.8% during the 4th quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company's stock valued at $42,132,000 after purchasing an additional 148,079 shares in the last quarter. Allspring Global Investments Holdings LLC boosted 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 valued at $11,652,000 after acquiring an additional 24,427 shares during the last quarter. Barclays PLC grew its holdings in Miller Industries by 115.6% during the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company's stock worth $1,717,000 after acquiring an additional 15,082 shares in the last quarter. State Street Corp increased its position in shares of Miller Industries by 4.3% in the 3rd quarter. State Street Corp now owns 230,828 shares of the auto parts company's stock worth $14,081,000 after purchasing an additional 9,482 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Miller Industries in the 3rd quarter valued at about $496,000. Hedge funds and other institutional investors own 79.24% of the company's stock.

Miller Industries Stock Down 2.6 %

Miller Industries stock traded down $1.10 during midday trading on Friday, hitting $41.14. The stock had a trading volume of 12,106 shares, compared to its average volume of 97,207. 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 stock has a market cap of $471.42 million, a P/E ratio of 6.82 and a beta of 1.14. Miller Industries, Inc. has a 12 month low of $37.40 and a 12 month high of $78.25. The business has a fifty day moving average price of $46.41 and a 200 day moving average price of $60.38.

Miller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Miller Industries's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 17th. Miller Industries's dividend payout ratio is 14.57%.

About Miller Industries

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.