Bank of Montreal Can grew its holdings in Milacron Holdings Corp (NYSE:MCRN) by 156.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,024 shares of the industrial products company’s stock after acquiring an additional 154,909 shares during the period. Bank of Montreal Can’s holdings in Milacron were worth $2,875,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of Milacron by 47.6% in the fourth quarter. Rhumbline Advisers now owns 99,949 shares of the industrial products company’s stock worth $1,188,000 after acquiring an additional 32,211 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Milacron by 65.7% in the fourth quarter. Hsbc Holdings PLC now owns 18,690 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 7,411 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Milacron by 0.9% in the third quarter. Teachers Advisors LLC now owns 222,858 shares of the industrial products company’s stock worth $4,513,000 after acquiring an additional 1,893 shares in the last quarter. BlackRock Inc. grew its stake in shares of Milacron by 6.1% in the fourth quarter. BlackRock Inc. now owns 4,964,631 shares of the industrial products company’s stock worth $59,030,000 after acquiring an additional 287,313 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Milacron by 356.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,621 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 16,885 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.
In related news, VP Hugh C. Odonnell sold 3,021 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.03, for a total value of $42,384.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ling An-Heid sold 5,855 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.03, for a total transaction of $82,145.65. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of brokerages recently commented on MCRN. Zacks Investment Research downgraded shares of Milacron from a “hold” rating to a “strong sell” rating in a research note on Monday, March 11th. Robert W. Baird lowered their target price on shares of Milacron from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, February 21st. Finally, ValuEngine upgraded shares of Milacron from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.00.
Shares of MCRN stock opened at $13.25 on Thursday. The firm has a market cap of $916.52 million, a P/E ratio of 7.44, a PEG ratio of 1.87 and a beta of 1.55. Milacron Holdings Corp has a 12 month low of $11.11 and a 12 month high of $22.09.
Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $248.70 million during the quarter, compared to the consensus estimate of $279.52 million. Milacron had a net margin of 2.91% and a negative return on equity of 74.38%. The company’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Analysts expect that Milacron Holdings Corp will post 1.39 EPS for the current year.
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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