Janus Henderson Group PLC Has $945,000 Holdings in Miller Industries, Inc. (NYSE:MLR)

Janus Henderson Group PLC increased its position in shares of Miller Industries, Inc. (NYSE:MLR) by 49.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,504 shares of the auto parts company’s stock after purchasing an additional 5,160 shares during the period. Janus Henderson Group PLC’s holdings in Miller Industries were worth $945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC grew its position in shares of 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 acquiring an additional 194 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Miller Industries by 2.5% during the second quarter. Cubist Systematic Strategies LLC now owns 8,220 shares of the auto parts company’s stock worth $452,000 after purchasing an additional 201 shares during the period. Ellsworth Advisors LLC increased its position in Miller Industries by 3.6% during the third quarter. Ellsworth Advisors LLC now owns 11,842 shares of the auto parts company’s stock worth $722,000 after buying an additional 411 shares during the last quarter. Point72 DIFC Ltd raised its stake in 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 during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Miller Industries in the second quarter valued at approximately $39,000. 79.24% of the stock is owned by institutional investors.

Miller Industries Trading Down 0.4 %

Shares of MLR stock opened at $71.40 on Friday. Miller Industries, Inc. has a 12-month low of $38.33 and a 12-month high of $78.25. The firm has a 50 day moving average price of $68.89 and a two-hundred day moving average price of $62.78. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $816.74 million, a PE ratio of 11.84 and a beta of 0.96.

Miller Industries (NYSE:MLR) last released its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.33. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The business had revenue of $314.27 million during the quarter. During the same quarter last year, the firm earned $1.52 earnings per share. As a group, analysts predict that Miller Industries, Inc. will post 5.68 earnings per share 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 dividend of $0.19 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.06%. Miller Industries’s dividend payout ratio is presently 12.60%.

Wall Street Analyst Weigh In

MLR has been the topic of a number of recent analyst reports. StockNews.com lowered 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 report on Friday, November 15th.

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.