Miller Industries, Inc. (NYSE:MLR) Stock Holdings Boosted by Royce & Associates LP

Royce & Associates LP lifted its position in shares of Miller Industries, Inc. (NYSE:MLR) by 29.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 644,607 shares of the auto parts company’s stock after acquiring an additional 148,079 shares during the period. Royce & Associates LP owned 0.06% of Miller Industries worth $42,132,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Miller Industries during the fourth quarter worth about $217,000. Charles Schwab Investment Management Inc. grew its position in shares of Miller Industries by 0.6% during 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 acquiring an additional 587 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Miller Industries by 9.3% during the fourth quarter. Principal Financial Group Inc. now owns 8,887 shares of the auto parts company’s stock worth $581,000 after acquiring an additional 757 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Miller Industries by 15.9% during the fourth 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. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Miller Industries during the fourth quarter worth about $307,000. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of MLR opened at $44.79 on Friday. The firm has a 50-day moving average price of $61.41 and a 200 day moving average price of $64.30. The firm has a market capitalization of $512.30 million, a PE ratio of 7.43 and a beta of 0.96. 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, Inc. has a 52-week low of $41.38 and a 52-week high of $78.25.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. Miller Industries’s dividend payout ratio is currently 14.57%.

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.