Miller Industries, Inc. $MLR Stake Raised by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC raised its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 24.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,261 shares of the auto parts company’s stock after acquiring an additional 23,683 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 1.06% of Miller Industries worth $4,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Miller Industries during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Miller Industries by 66.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 329 shares in the last quarter. CWM LLC grew its stake in shares of Miller Industries by 121.7% in the 3rd quarter. CWM LLC now owns 849 shares of the auto parts company’s stock valued at $34,000 after buying an additional 466 shares in the last quarter. State of Wyoming acquired a new position in Miller Industries in the third quarter worth approximately $113,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Miller Industries during the 2nd quarter worth $125,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Trading Down 0.6%

Shares of Miller Industries stock opened at $42.35 on Thursday. Miller Industries, Inc. has a 52-week low of $33.81 and a 52-week high of $59.63. The firm has a market capitalization of $484.06 million, a PE ratio of 16.29 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.46 and a quick ratio of 2.13. The company’s fifty day moving average price is $40.82 and its two-hundred day moving average price is $40.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Loop Capital set a $46.00 target price on Miller Industries in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Miller Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.00.

Miller Industries Profile

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.