Ellsworth Advisors LLC Makes New $978,000 Investment in Miller Industries, Inc. $MLR

Posted by Brenda Bartman on Oct 16th, 2026

Ellsworth Advisors LLC acquired a new position in Miller Industries, Inc. (NYSE:MLR – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 18,591 shares of the auto parts company’s stock, valued at approximately $978,000.

Several other large investors have also modified their holdings of MLR. Heartland Advisors Inc. acquired a new position in Miller Industries in the 1st quarter valued at $5,466,000. Bank of New York Mellon Corp bought a new position in Miller Industries in the 2nd quarter worth $5,985,000. Azarias Capital Management L.P. raised its holdings in Miller Industries by 175.7% in the 1st quarter. Azarias Capital Management L.P. now owns 110,426 shares of the auto parts company’s stock worth $5,030,000 after acquiring an additional 70,379 shares during the period. Deprince Race & Zollo Inc. bought a new position in Miller Industries in the 1st quarter worth $2,648,000. Finally, Punch & Associates Investment Management Inc. lifted its position in Miller Industries by 36.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 110,477 shares of the auto parts company’s stock worth $5,032,000 after acquiring an additional 29,291 shares during the last quarter. 79.24% of the stock is owned by institutional investors.

Miller Industries Trading Down 1.1%

MLR opened at $51.30 on Friday. Miller Industries, Inc. has a 1-year low of $35.72 and a 1-year high of $59.70. The stock has a market capitalization of $582.25 million, a price-to-earnings ratio of 41.37 and a beta of 1.12. The business has a 50 day moving average of $54.81 and a 200-day moving average of $50.78.

Miller Industries (NYSE:MLR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.27. The business had revenue of $239.99 million for the quarter, compared to the consensus estimate of $210.80 million. Miller Industries had a net margin of 1.86% and a return on equity of 3.41%. Equities analysts predict that Miller Industries, Inc. will post 1.95 EPS for the current year.

Miller Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 8th. Miller Industries’s dividend payout ratio is presently 67.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MLR. DA Davidson raised their price target on Miller Industries from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Miller Industries in a research note on Monday, September 21st. Wall Street Zen raised Miller Industries from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised Miller Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.00.

View Our Latest Stock Analysis on MLR

Miller Industries Company Profile

(Free Report)

Miller Industries, Inc designs, manufactures and sells towing and recovery equipment for commercial, municipal, transportation and emergency-service customers. Its product portfolio includes light-, medium- and heavy-duty wreckers; car carriers and transporters; rotator recovery units; and specialized equipment used to recover, move and transport disabled or damaged vehicles.

The company markets products under several established brands, including Century, Vulcan, Holmes, Challenger and Champion.