Milacron Holdings Corp. (MCRN) Earns Buy Rating from Robert W. Baird
Robert W. Baird reissued their buy rating on shares of Milacron Holdings Corp. (NYSE:MCRN) in a research report released on Wednesday morning. Robert W. Baird currently has a $23.00 target price on the industrial products company’s stock.
A number of other analysts also recently weighed in on the stock. BidaskClub raised shares of Milacron Holdings Corp. from a strong sell rating to a sell rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Finally, TheStreet raised shares of Milacron Holdings Corp. from a d+ rating to a c rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Milacron Holdings Corp. presently has an average rating of Buy and a consensus price target of $22.00.
Milacron Holdings Corp. (NYSE MCRN) traded up 0.23% on Wednesday, hitting $17.56. 445,336 shares of the company’s stock were exchanged. Milacron Holdings Corp. has a 52-week low of $12.43 and a 52-week high of $19.32. The firm has a 50 day moving average price of $16.65 and a 200-day moving average price of $16.65. The stock’s market cap is $1.22 billion.
Milacron Holdings Corp. (NYSE:MCRN) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. The firm had revenue of $309.20 million for the quarter, compared to the consensus estimate of $308.25 million. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Analysts predict that Milacron Holdings Corp. will post $1.61 earnings per share for the current fiscal year.
In other news, CEO Thomas J. Goeke acquired 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $15.41 per share, with a total value of $1,001,650.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Waters S. Iv Davis sold 13,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $15.99, for a total transaction of $215,865.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,606,624 shares of company stock worth $127,052,807 over the last three months. 3.40% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in MCRN. Wellington Management Group LLP grew its position in Milacron Holdings Corp. by 2,426.3% during the 1st quarter. Wellington Management Group LLP now owns 6,177,656 shares of the industrial products company’s stock valued at $114,966,000 after purchasing an additional 5,933,126 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Milacron Holdings Corp. during the 2nd quarter valued at about $18,531,000. TimesSquare Capital Management LLC grew its position in Milacron Holdings Corp. by 49.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,060,200 shares of the industrial products company’s stock valued at $56,950,000 after purchasing an additional 1,017,200 shares during the last quarter. Vanguard Group Inc. grew its position in Milacron Holdings Corp. by 55.2% during the 1st quarter. Vanguard Group Inc. now owns 2,851,861 shares of the industrial products company’s stock valued at $53,072,000 after purchasing an additional 1,014,285 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Milacron Holdings Corp. by 89.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,904,790 shares of the industrial products company’s stock valued at $33,505,000 after purchasing an additional 900,197 shares during the last quarter.
Milacron Holdings Corp. Company 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.
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