15,492 Shares in Miller Industries, Inc. (NYSE:MLR) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Miller Industries, Inc. (NYSE:MLR) during the third quarter, HoldingsChannel.com reports. The fund purchased 15,492 shares of the auto parts company’s stock, valued at approximately $945,000.

A number of other institutional investors also recently bought and sold shares of MLR. Innealta Capital LLC purchased a new position in shares of Miller Industries in the 2nd quarter valued at about $39,000. Point72 DIFC Ltd raised its holdings in Miller Industries by 146.9% during the second quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 595 shares in the last quarter. Quest Partners LLC acquired a new stake in Miller Industries during the second quarter worth approximately $200,000. Lakewood Asset Management LLC purchased a new stake in shares of Miller Industries during the 3rd quarter worth approximately $250,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Miller Industries by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,153 shares of the auto parts company’s stock valued at $314,000 after buying an additional 2,364 shares in the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Trading Down 2.9 %

MLR opened at $67.65 on Thursday. The firm has a market cap of $773.85 million, a price-to-earnings ratio of 11.22 and a beta of 0.96. Miller Industries, Inc. has a 52 week low of $38.33 and a 52 week high of $78.25. The business’s 50 day moving average is $69.32 and its two-hundred day moving average is $62.99. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

Miller Industries (NYSE:MLR) last announced its earnings results on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, meeting analysts’ consensus estimates of $1.33. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. The business had revenue of $314.27 million for the quarter. During the same period in the previous year, the firm earned $1.52 earnings per share. On average, research analysts predict that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.12%. Miller Industries’s payout ratio is 12.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. DA Davidson reaffirmed a “buy” rating and set a $82.00 price objective on shares of Miller Industries in a report on Friday, November 15th.

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.