Milacron Holdings Corp. (MCRN) Raised to “Hold” at BidaskClub
Milacron Holdings Corp. (NYSE:MCRN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird reissued a “buy” rating and issued a $23.00 price objective on shares of Milacron Holdings Corp. in a research note on Wednesday. Finally, TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Milacron Holdings Corp. has a consensus rating of “Buy” and a consensus price target of $22.00.
Milacron Holdings Corp. (NYSE:MCRN) opened at 17.56 on Friday. Milacron Holdings Corp. has a one year low of $12.43 and a one year high of $19.32. The company’s 50-day moving average price is $16.65 and its 200-day moving average price is $16.65. The stock’s market cap is $1.22 billion.
Milacron Holdings Corp. (NYSE:MCRN) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business had revenue of $309.20 million during 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 firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. Analysts forecast that Milacron Holdings Corp. will post $1.61 EPS for the current fiscal year.
In other news, Director Waters S. Iv Davis sold 13,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $15.99, for a total transaction of $215,865.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas J. Goeke bought 65,000 shares of Milacron Holdings Corp. stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $15.41 per share, for a total transaction of $1,001,650.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 7,606,624 shares of company stock worth $127,052,807. Corporate insiders own 3.40% of the company’s stock.
Several large investors have recently modified their holdings of MCRN. Westfield Capital Management Co. LP purchased a new position in shares of Milacron Holdings Corp. during the second quarter worth approximately $18,531,000. Vanguard Group Inc. increased its position in shares of Milacron Holdings Corp. by 55.2% during the first quarter. Vanguard Group Inc. now owns 2,851,861 shares of the industrial products company’s stock worth $53,072,000 after acquiring an additional 1,014,285 shares during the period. Wells Fargo & Company MN increased its position in shares of Milacron Holdings Corp. by 89.6% during the second quarter. Wells Fargo & Company MN now owns 1,904,790 shares of the industrial products company’s stock worth $33,505,000 after acquiring an additional 900,197 shares during the period. Royal Bank of Canada increased its position in shares of Milacron Holdings Corp. by 133,093.1% during the second quarter. Royal Bank of Canada now owns 737,890 shares of the industrial products company’s stock worth $12,979,000 after acquiring an additional 737,336 shares during the period. Finally, FMR LLC purchased a new position in shares of Milacron Holdings Corp. during the second quarter worth approximately $10,556,000.
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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