Pacific Ridge Capital Partners LLC Increases Position in Miller Industries, Inc. $MLR

Posted by George Bondi on May 12th, 2026

Pacific Ridge Capital Partners LLC lifted its holdings in shares of Miller Industries, Inc. (NYSE:MLR – Free Report) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,254 shares of the auto parts company’s stock after acquiring an additional 13,993 shares during the quarter. Pacific Ridge Capital Partners LLC owned 1.18% of Miller Industries worth $5,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in shares of Miller Industries during the 3rd quarter worth $25,000. CWM LLC lifted its stake in Miller Industries by 121.7% in the third quarter. CWM LLC now owns 849 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 466 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Miller Industries by 66.5% in the second quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock worth $37,000 after buying an additional 329 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Miller Industries by 736.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the auto parts company’s stock valued at $46,000 after buying an additional 1,001 shares during the last quarter. Finally, State of Wyoming bought a new stake in Miller Industries in the 3rd quarter valued at about $113,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MLR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miller Industries in a report on Friday, March 27th. Zacks Research raised shares of Miller Industries from a “strong sell” rating to a “hold” rating in a report on Friday. Loop Capital set a $44.00 target price on shares of Miller Industries in a research note on Monday, March 9th. Finally, DA Davidson boosted their price target on shares of Miller Industries from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Check Out Our Latest Analysis on Miller Industries

Miller Industries Price Performance

Shares of Miller Industries stock opened at $47.86 on Tuesday. The stock has a market capitalization of $545.55 million, a P/E ratio of 35.71 and a beta of 1.13. Miller Industries, Inc. has a one year low of $33.81 and a one year high of $49.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.98 and a quick ratio of 1.78. The business’s 50 day simple moving average is $46.09 and its two-hundred day simple moving average is $42.04.

Miller Industries (NYSE:MLR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The firm had revenue of $180.86 million for the quarter, compared to the consensus estimate of $181.10 million. Miller Industries had a net margin of 2.08% and a return on equity of 3.70%. Analysts forecast that Miller Industries, Inc. will post 2.09 EPS for the current year.

Miller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Miller Industries’s dividend payout ratio is 62.69%.

Miller Industries Company Profile

(Free Report)

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.