Systematic Financial Management LP Raises Stock Holdings in Miller Industries, Inc. (NYSE:MLR)

Systematic Financial Management LP grew its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,191 shares of the auto parts company's stock after purchasing an additional 8,032 shares during the quarter. Systematic Financial Management LP owned about 3.52% of Miller Industries worth $26,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Miller Industries in the fourth quarter valued at approximately $36,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Miller Industries in the 4th quarter worth $85,000. KLP Kapitalforvaltning AS purchased a new position in shares of Miller Industries during the 4th quarter worth $137,000. LSV Asset Management acquired a new position in shares of Miller Industries during the 4th quarter valued at about $176,000. Finally, Aquatic Capital Management LLC boosted its position in shares of Miller Industries by 75.9% during 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 last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Miller Industries Trading Up 0.3%

Shares of MLR traded up $0.12 during mid-day trading on Thursday, reaching $44.89. The stock had a trading volume of 16,306 shares, compared to its average volume of 96,736. Miller Industries, Inc. has a 52-week low of $37.40 and a 52-week high of $78.25. The firm has a market cap of $514.39 million, a price-to-earnings ratio of 7.44 and a beta of 1.20. The business's fifty day moving average is $42.64 and its 200 day moving average is $57.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46.

Miller Industries (NYSE:MLR - Get Free Report) last posted its quarterly 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. The business had revenue of $225.65 million during the quarter, compared to analysts' expectations of $224.35 million. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. On average, sell-side analysts predict that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be paid 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 yield of 1.78%. Miller Industries's dividend payout ratio (DPR) 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.