Schwab Charles Investment Management Inc. grew its holdings in Miller Industries, Inc. (NYSE:MLR) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the auto parts company’s stock after acquiring an additional 4,200 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Miller Industries were worth $516,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can bought a new position in Miller Industries in the fourth quarter worth approximately $120,000. Russell Investments Group Ltd. bought a new position in Miller Industries in the third quarter worth approximately $228,000. Valeo Financial Advisors LLC bought a new position in Miller Industries in the third quarter worth approximately $307,000. SG Americas Securities LLC bought a new position in Miller Industries in the third quarter worth approximately $312,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Miller Industries by 85.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 24,900 shares of the auto parts company’s stock worth $695,000 after acquiring an additional 11,500 shares during the period. Institutional investors and hedge funds own 84.28% of the company’s stock.
NYSE:MLR opened at $25.00 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 2.24. Miller Industries, Inc. has a 1-year low of $23.35 and a 1-year high of $29.00. The company has a market capitalization of $284.45, a price-to-earnings ratio of 12.38 and a beta of 0.62.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 19th were given a $0.18 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.72 annualized dividend and a yield of 2.88%.
Miller Industries Company Profile
Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers, such as conventional tow trucks and recovery vehicles 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 that are used to transport new or disabled vehicles and other equipment.
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