Milacron Holdings Corp (MCRN) Director Ira G. Boots Sells 43,077 Shares of Stock
Milacron Holdings Corp (NYSE:MCRN) Director Ira G. Boots sold 43,077 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $18.25, for a total value of $786,155.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Milacron Holdings Corp (MCRN) traded up $0.03 during mid-day trading on Friday, hitting $17.93. The stock had a trading volume of 460,900 shares, compared to its average volume of 510,700. Milacron Holdings Corp has a one year low of $15.09 and a one year high of $19.57. The firm has a market capitalization of $1,248.80, a price-to-earnings ratio of 10.65, a PEG ratio of 1.31 and a beta of 0.94. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41.
Milacron (NYSE:MCRN) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The company had revenue of $314.70 million during the quarter, compared to analyst estimates of $301.13 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts expect that Milacron Holdings Corp will post 1.62 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Milacron by 765.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock worth $101,000 after buying an additional 5,089 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Milacron during the third quarter worth approximately $101,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Milacron by 6.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock worth $117,000 after buying an additional 379 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Milacron by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Milacron during the third quarter worth approximately $132,000. Institutional investors own 99.73% of the company’s stock.
A number of equities research analysts have issued reports on MCRN shares. BidaskClub raised Milacron from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research raised Milacron from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp reaffirmed 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 reaffirmed a “buy” rating and set a $23.00 target price on shares of Milacron in a research report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Milacron currently has a consensus rating of “Buy” and a consensus price target of $21.67.
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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.
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