Miller Industries, Inc. (MLR) Director A Russell Chandler III Sells 1,000 Shares

Miller Industries, Inc. (NYSE:MLR) Director A Russell Chandler III sold 1,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $25.15, for a total value of $25,150.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Miller Industries, Inc. (NYSE MLR) traded down $0.30 during trading on Tuesday, reaching $24.80. The company had a trading volume of 22,700 shares, compared to its average volume of 26,242. Miller Industries, Inc. has a twelve month low of $22.80 and a twelve month high of $29.00. The company has a market cap of $285.60, a price-to-earnings ratio of 15.79 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.25 and a quick ratio of 1.64.

Miller Industries (NYSE:MLR) last issued its earnings results on Wednesday, November 8th. The auto parts company reported $0.39 EPS for the quarter. Miller Industries had a return on equity of 9.58% and a net margin of 3.01%. The business had revenue of $153.36 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, December 4th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, December 1st. Miller Industries’s payout ratio is 45.00%.

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Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of Miller Industries by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 144,037 shares of the auto parts company’s stock worth $3,579,000 after buying an additional 1,073 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Miller Industries by 6.6% in the 2nd quarter. Teachers Advisors LLC now owns 20,320 shares of the auto parts company’s stock worth $505,000 after buying an additional 1,250 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Miller Industries by 8.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 24,617 shares of the auto parts company’s stock worth $612,000 after buying an additional 1,864 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Miller Industries by 0.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 348,790 shares of the auto parts company’s stock worth $8,667,000 after buying an additional 2,631 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Miller Industries by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 572,495 shares of the auto parts company’s stock worth $14,226,000 after buying an additional 6,624 shares during the last quarter. 83.23% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised Miller Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.

About Miller Industries

Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.

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