Miller Industries, Inc. (NYSE:MLR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,542 shares of the auto parts company’s stock after acquiring an additional 587 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Miller Industries were worth $6,114,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MLR. Principal Financial Group Inc. lifted its position in shares of Miller Industries by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 8,887 shares of the auto parts company’s stock worth $581,000 after buying an additional 757 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Miller Industries by 15.9% during the 4th 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 in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in Miller Industries in the fourth quarter valued at $307,000. R Squared Ltd acquired a new position in Miller Industries in the fourth quarter valued at $36,000. Finally, Redmont Wealth Advisors LLC grew its holdings in shares of Miller Industries by 2.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company’s stock worth $810,000 after purchasing an additional 282 shares during the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

Miller Industries Trading Up 3.4 %

NYSE:MLR opened at $44.23 on Tuesday. The company has a market capitalization of $505.89 million, a PE ratio of 7.33 and a beta of 0.96. Miller Industries, Inc. has a 52-week low of $41.38 and a 52-week high of $78.25. The stock’s 50 day moving average price is $58.92 and its 200 day moving average price is $63.67. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. Miller Industries’s dividend payout ratio (DPR) is 14.57%.

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.