Milacron Holdings Corp (MCRN) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in shares of Milacron Holdings Corp (NYSE:MCRN) by 19.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 218,613 shares of the industrial products company’s stock after purchasing an additional 35,656 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.31% of Milacron worth $3,686,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MCRN. Rhumbline Advisers grew its position in Milacron by 216.6% during the 2nd quarter. Rhumbline Advisers now owns 48,617 shares of the industrial products company’s stock worth $855,000 after purchasing an additional 33,261 shares during the last quarter. Bank of New York Mellon Corp grew its position in Milacron by 100.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 192,413 shares of the industrial products company’s stock worth $3,384,000 after purchasing an additional 96,316 shares during the last quarter. Legal & General Group Plc grew its position in Milacron by 215.5% during the 2nd quarter. Legal & General Group Plc now owns 10,772 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 7,358 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Milacron by 765.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 5,089 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Milacron by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,000 shares during the last quarter. 99.73% of the stock is currently owned by institutional investors.

Shares of Milacron Holdings Corp (NYSE MCRN) opened at $19.01 on Friday. The company has a market cap of $1,319.60, a price-to-earnings ratio of 11.25, a PEG ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 1.31, a current ratio of 2.39 and a debt-to-equity ratio of -5.41. Milacron Holdings Corp has a twelve month low of $15.09 and a twelve month high of $19.57.

Milacron (NYSE:MCRN) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $314.70 million for the quarter, compared to the consensus estimate of $301.13 million. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. sell-side analysts predict that Milacron Holdings Corp will post 1.62 earnings per share for the current fiscal year.

In other news, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $16.00, for a total value of $175,585,488.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ronald M. Krisanda sold 17,640 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $18.56, for a total transaction of $327,398.40. The disclosure for this sale can be found here. Insiders sold a total of 11,129,039 shares of company stock worth $178,449,583 over the last ninety days. Insiders own 3.40% of the company’s stock.

MCRN has been the topic of several research analyst reports. TheStreet raised shares of Milacron from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. BidaskClub raised shares of Milacron from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research raised shares of Milacron from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp reissued a “buy” rating and set a $21.00 target price on shares of Milacron in a research report on Friday, October 20th. Finally, Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of Milacron in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.50.

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Milacron Profile

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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