Jacobs Levy Equity Management Inc. Sells 10,050 Shares of Miller Industries, Inc. (NYSE:MLR)

Jacobs Levy Equity Management Inc. trimmed its position in shares of Miller Industries, Inc. (NYSE:MLR) by 56.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,860 shares of the auto parts company’s stock after selling 10,050 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Miller Industries were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG grew its holdings in Miller Industries by 54.2% during the fourth quarter. Deutsche Bank AG now owns 10,230 shares of the auto parts company’s stock valued at $669,000 after purchasing an additional 3,595 shares during the period. Corton Capital Inc. bought a new position in Miller Industries during the fourth quarter valued at $236,000. Bosun Asset Management LLC grew its holdings in Miller Industries by 33.6% during the fourth quarter. Bosun Asset Management LLC now owns 19,573 shares of the auto parts company’s stock valued at $1,279,000 after purchasing an additional 4,926 shares during the period. Balyasny Asset Management L.P. bought a new position in Miller Industries during the fourth quarter valued at $377,000. Finally, Bank of America Corp DE grew its holdings in Miller Industries by 54.9% during the fourth quarter. Bank of America Corp DE now owns 33,756 shares of the auto parts company’s stock valued at $2,206,000 after purchasing an additional 11,964 shares during the period. 79.24% of the stock is owned by institutional investors.

Miller Industries Price Performance

Shares of NYSE MLR opened at $46.38 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. Miller Industries, Inc. has a fifty-two week low of $37.40 and a fifty-two week high of $78.25. The stock has a market cap of $531.51 million, a PE ratio of 7.69 and a beta of 1.20. The stock has a fifty day moving average of $42.58 and a 200-day moving average of $58.08.

Miller Industries (NYSE:MLR) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The business had revenue of $225.65 million during the quarter, compared to analyst estimates of $224.35 million. Equities research analysts anticipate that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be given a $0.20 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. Miller Industries’s dividend payout ratio (DPR) is currently 16.99%.

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.