Miller Industries, Inc. (NYSE:MLR) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in Miller Industries, Inc. (NYSE:MLR) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 15,791 shares of the auto parts company’s stock after selling 904 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Miller Industries were worth $1,032,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Royce & Associates LP grew its stake in Miller Industries by 29.8% in the fourth quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company’s stock worth $42,132,000 after purchasing an additional 148,079 shares in the last quarter. FMR LLC increased its holdings in shares of Miller Industries by 10.2% in the 3rd quarter. FMR LLC now owns 766,623 shares of the auto parts company’s stock valued at $46,764,000 after acquiring an additional 71,231 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Miller Industries by 193.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company’s stock valued at $5,670,000 after acquiring an additional 61,247 shares in the last quarter. Norges Bank bought a new position in Miller Industries during the fourth quarter worth $1,850,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Miller Industries by 188.9% in the third quarter. The Manufacturers Life Insurance Company now owns 37,391 shares of the auto parts company’s stock worth $2,281,000 after purchasing an additional 24,449 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Stock Down 1.8 %

MLR stock opened at $39.72 on Friday. The firm has a market cap of $454.37 million, a price-to-earnings ratio of 6.59 and a beta of 1.14. Miller Industries, Inc. has a 1-year low of $37.91 and a 1-year high of $78.25. The firm has a fifty day moving average price of $54.40 and a two-hundred day moving average price of $62.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. Miller Industries’s dividend payout ratio is 14.57%.

Miller Industries Company Profile

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.