Milacron Holdings Corp. (MCRN) Director Waters S. Iv Davis Sells 48,000 Shares of Stock

Milacron Holdings Corp. (NYSE:MCRN) Director Waters S. Iv Davis sold 48,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $15.79, for a total value of $757,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Milacron Holdings Corp. (NYSE MCRN) opened at 16.06 on Wednesday. The company has a 50-day moving average price of $15.90 and a 200-day moving average price of $17.98. Milacron Holdings Corp. has a 12-month low of $12.43 and a 12-month high of $19.32. The firm’s market cap is $1.11 billion.

Milacron Holdings Corp. (NYSE:MCRN) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The firm had revenue of $309.20 million for the quarter, compared to analyst estimates of $308.25 million. During the same quarter last year, the company posted $0.41 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, equities analysts predict that Milacron Holdings Corp. will post $1.61 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Milacron Holdings Corp. by 5.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,297 shares of the industrial products company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Pitcairn Co. grew its holdings in shares of Milacron Holdings Corp. by 3.5% during the second quarter. Pitcairn Co. now owns 13,292 shares of the industrial products company’s stock worth $234,000 after buying an additional 452 shares during the last quarter. American International Group Inc. grew its holdings in shares of Milacron Holdings Corp. by 7.0% during the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock worth $167,000 after buying an additional 588 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Milacron Holdings Corp. by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Milacron Holdings Corp. by 3.3% during the second quarter. Stifel Financial Corp now owns 75,418 shares of the industrial products company’s stock worth $1,326,000 after buying an additional 2,404 shares during the last quarter.

MCRN has been the topic of a number of recent research reports. Robert W. Baird set a $23.00 target price on Milacron Holdings Corp. and gave the stock a “buy” rating in a research note on Wednesday, May 17th. BidaskClub raised Milacron Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Zacks Investment Research raised Milacron Holdings Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday, July 1st. Finally, TheStreet raised Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.33.

About Milacron Holdings Corp.

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

Insider Buying and Selling by Quarter for Milacron Holdings Corp. (NYSE:MCRN)

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