Miller Industries, Inc. (NYSE:MLR) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,768 shares of the auto parts company’s stock after selling 5,079 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.41% of Miller Industries worth $3,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Miller Industries in the 4th quarter worth $36,000. Sanctuary Advisors LLC acquired a new stake in shares of Miller Industries in the third quarter valued at about $195,000. Yorktown Management & Research Co Inc purchased a new stake in shares of Miller Industries during the fourth quarter worth about $307,000. SG Americas Securities LLC raised its position in shares of Miller Industries by 84.8% during the 3rd quarter. SG Americas Securities LLC now owns 5,153 shares of the auto parts company’s stock worth $314,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in Miller Industries by 3.5% in the 3rd quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company’s stock valued at $352,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

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

Miller Industries Price Performance

Shares of NYSE MLR opened at $65.52 on Friday. The stock has a market capitalization of $749.49 million, a price-to-earnings ratio of 10.86 and a beta of 0.98. Miller Industries, Inc. has a 52 week low of $40.63 and a 52 week high of $78.25. The firm has a 50-day simple moving average of $68.33 and a 200-day simple moving average of $65.27. 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 released its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, meeting analysts’ consensus estimates of $1.33. The company had revenue of $314.27 million during the quarter. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. During the same quarter in the previous year, the company posted $1.52 EPS. On average, equities analysts predict that Miller Industries, Inc. will post 5.68 earnings per share for the current fiscal year.

Miller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, December 2nd. Miller Industries’s dividend payout ratio (DPR) is currently 12.60%.

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.