Nuveen Asset Management LLC boosted its position in Milacron Holdings (NYSE:MCRN) by 16.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,314,704 shares of the industrial products company’s stock after purchasing an additional 334,127 shares during the period. Nuveen Asset Management LLC owned about 3.29% of Milacron worth $46,618,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCRN. Thrivent Financial For Lutherans acquired a new stake in Milacron during the 4th quarter valued at $2,738,000. OppenheimerFunds Inc. acquired a new stake in Milacron during the 4th quarter valued at $201,000. Swiss National Bank grew its holdings in Milacron by 21.9% during the 4th quarter. Swiss National Bank now owns 118,000 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 21,200 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Milacron by 57.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,371,576 shares of the industrial products company’s stock valued at $102,812,000 after buying an additional 1,963,470 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Milacron by 256.6% during the 4th quarter. Renaissance Technologies LLC now owns 618,000 shares of the industrial products company’s stock valued at $11,829,000 after buying an additional 444,700 shares during the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on MCRN. Zacks Investment Research upgraded Milacron from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Tuesday, February 27th. KeyCorp reiterated a “buy” rating and set a $24.00 target price on shares of Milacron in a report on Friday, February 23rd. Finally, ValuEngine upgraded Milacron from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $24.00.
MCRN stock opened at $20.59 on Thursday. Milacron Holdings has a 52-week low of $15.09 and a 52-week high of $22.62. The firm has a market cap of $1.44 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.00 and a beta of 0.67. The company has a debt-to-equity ratio of -7.62, a quick ratio of 1.41 and a current ratio of 2.36.
Milacron (NYSE:MCRN) last released its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Milacron had a negative return on equity of 77.35% and a net margin of 2.51%. The company had revenue of $310.40 million for the quarter, compared to analyst estimates of $298.15 million. During the same quarter in the prior year, the firm posted $0.32 EPS. Milacron’s quarterly revenue was up 8.8% compared to the same quarter last year. equities research analysts predict that Milacron Holdings will post 1.84 EPS for the current fiscal year.
Milacron Company Profile
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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