SG Americas Securities LLC Acquires 1,050 Shares of Miller Industries, Inc. (NYSE:MLR)

SG Americas Securities LLC raised its holdings in Miller Industries, Inc. (NYSE:MLR) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,846 shares of the auto parts company’s stock after acquiring an additional 1,050 shares during the period. SG Americas Securities LLC owned about 0.05% of Miller Industries worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MLR. Raymond James Financial Services Advisors Inc. grew its position in Miller Industries by 3.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,594 shares of the auto parts company’s stock valued at $326,000 after acquiring an additional 434 shares during the last quarter. Bank of New York Mellon Corp grew its position in Miller Industries by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 99,465 shares of the auto parts company’s stock valued at $2,801,000 after acquiring an additional 3,395 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Miller Industries by 27.9% during the first quarter. American Century Companies Inc. now owns 47,222 shares of the auto parts company’s stock valued at $1,330,000 after purchasing an additional 10,292 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Miller Industries by 4.8% during the first quarter. PNC Financial Services Group Inc. now owns 13,154 shares of the auto parts company’s stock valued at $370,000 after purchasing an additional 600 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Miller Industries during the first quarter valued at about $424,000. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of MLR stock opened at $51.13 on Thursday. The business’s 50-day moving average price is $46.39 and its 200-day moving average price is $41.98. Miller Industries, Inc. has a 12 month low of $32.13 and a 12 month high of $53.82. The firm has a market capitalization of $585.44 million, a price-to-earnings ratio of 10.08 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17.

Miller Industries (NYSE:MLR) last announced its quarterly earnings results on Wednesday, March 6th. The auto parts company reported $1.45 EPS for the quarter. The firm had revenue of $296.25 million for the quarter. Miller Industries had a return on equity of 17.97% and a net margin of 5.05%.

Miller Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 18th were paid a $0.19 dividend. This is a positive change from Miller Industries’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, March 15th. Miller Industries’s payout ratio is currently 14.99%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Miller Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th.

About Miller Industries

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.