BlackRock Inc. Boosts Holdings in Milacron Holdings Corp (MCRN)

BlackRock Inc. boosted its position in shares of Milacron Holdings Corp (NYSE:MCRN) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,389,726 shares of the industrial products company’s stock after buying an additional 400,094 shares during the quarter. BlackRock Inc. owned approximately 0.06% of Milacron worth $83,097,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Milacron by 20.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 274,657 shares of the industrial products company’s stock valued at $5,532,000 after purchasing an additional 46,498 shares during the period. Northern Trust Corp lifted its stake in Milacron by 19.1% in the first quarter. Northern Trust Corp now owns 730,899 shares of the industrial products company’s stock worth $14,720,000 after acquiring an additional 117,094 shares during the period. JPMorgan Chase & Co. lifted its stake in Milacron by 47.7% in the first quarter. JPMorgan Chase & Co. now owns 54,085 shares of the industrial products company’s stock worth $1,089,000 after acquiring an additional 17,470 shares during the period. Dimensional Fund Advisors LP lifted its stake in Milacron by 19.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,230,951 shares of the industrial products company’s stock worth $24,791,000 after acquiring an additional 196,901 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Milacron by 25.5% in the first quarter. BNP Paribas Arbitrage SA now owns 14,128 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 2,867 shares during the period. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

MCRN has been the subject of a number of research reports. TheStreet raised shares of Milacron from a “c+” rating to a “b” rating in a research note on Monday, June 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Milacron in a research note on Thursday, July 26th. Finally, Zacks Investment Research raised shares of Milacron from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, June 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.00.

In other Milacron news, insider Bruce A. Chalmers sold 87,219 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $20.65, for a total transaction of $1,801,072.35. Following the completion of the sale, the insider now directly owns 228,494 shares of the company’s stock, valued at $4,718,401.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Gentilcore sold 35,800 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $21.08, for a total transaction of $754,664.00. Following the sale, the director now directly owns 34,765 shares of the company’s stock, valued at $732,846.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,744 shares of company stock valued at $4,209,233. Insiders own 2.70% of the company’s stock.

NYSE:MCRN opened at $19.63 on Monday. Milacron Holdings Corp has a 1-year low of $15.90 and a 1-year high of $22.62. The stock has a market capitalization of $1.43 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.45 and a beta of 0.75. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of -5.73.

Milacron (NYSE:MCRN) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. Milacron had a net margin of 2.85% and a negative return on equity of 85.21%. The company had revenue of $328.10 million during the quarter, compared to analyst estimates of $321.44 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that Milacron Holdings Corp will post 1.74 earnings per share for the current fiscal year.

About Milacron

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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