Uncommon Cents Investing LLC Lowers Holdings in Miller Industries, Inc. (NYSE:MLR)

Uncommon Cents Investing LLC lowered its position in shares of Miller Industries, Inc. (NYSE:MLR) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,788 shares of the auto parts company’s stock after selling 1,714 shares during the quarter. Miller Industries accounts for 1.3% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 18th largest holding. Uncommon Cents Investing LLC’s holdings in Miller Industries were worth $4,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MLR. Rhumbline Advisers raised its holdings in Miller Industries by 5.3% during the second quarter. Rhumbline Advisers now owns 18,207 shares of the auto parts company’s stock worth $1,002,000 after purchasing an additional 924 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Miller Industries by 18.9% during the 2nd quarter. American Century Companies Inc. now owns 18,390 shares of the auto parts company’s stock worth $1,012,000 after buying an additional 2,923 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Miller Industries in the 2nd quarter valued at approximately $468,000. Marshall Wace LLP acquired a new stake in shares of Miller Industries in the 2nd quarter valued at approximately $721,000. Finally, Point72 DIFC Ltd boosted its stake in shares of Miller Industries by 146.9% in the second quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company’s stock valued at $55,000 after buying an additional 595 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

MLR has been the subject of a number of recent analyst reports. StockNews.com downgraded Miller Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. DA Davidson reiterated a “buy” rating and issued a $82.00 price objective on shares of Miller Industries in a research note on Friday, November 15th.

Miller Industries Stock Performance

MLR opened at $67.86 on Monday. Miller Industries, Inc. has a 1-year low of $38.33 and a 1-year high of $78.25. The stock has a market cap of $776.32 million, a P/E ratio of 11.25 and a beta of 0.98. The stock’s 50 day simple moving average is $69.26 and its 200 day simple moving average is $64.48. 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) last posted its earnings results on Tuesday, November 12th. The auto parts company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. The company had revenue of $314.27 million for the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same period last year, the company posted $1.52 EPS. As a group, equities analysts anticipate 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 was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.12%. Miller Industries’s dividend payout ratio (DPR) is currently 12.60%.

Miller Industries Company 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.