Engineers Gate Manager LP acquired a new position in shares of Milacron Holdings Corp (NYSE:MCRN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,865 shares of the industrial products company’s stock, valued at approximately $1,159,000. Engineers Gate Manager LP owned approximately 0.10% of Milacron Holdings Corp at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in shares of Milacron Holdings Corp during the first quarter worth $440,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Milacron Holdings Corp by 52.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 78,224 shares of the industrial products company’s stock worth $1,456,000 after purchasing an additional 26,764 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Milacron Holdings Corp during the first quarter worth $1,628,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Milacron Holdings Corp by 12.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,981,560 shares of the industrial products company’s stock worth $52,447,000 after purchasing an additional 325,470 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Milacron Holdings Corp by 41.5% during the first quarter. Neuberger Berman Group LLC now owns 708,865 shares of the industrial products company’s stock worth $13,192,000 after purchasing an additional 208,025 shares during the last quarter.
MCRN has been the topic of several research analyst reports. Robert W. Baird set a $23.00 target price on Milacron Holdings Corp and gave the stock a “buy” rating in a report on Wednesday, May 17th. BidaskClub cut Milacron Holdings Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Zacks Investment Research upgraded Milacron Holdings Corp from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Saturday, July 1st. Finally, TheStreet upgraded Milacron Holdings Corp from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Milacron Holdings Corp presently has an average rating of “Hold” and an average price target of $21.33.
Milacron Holdings Corp (NYSE MCRN) opened at 16.20 on Thursday. The company’s market cap is $1.12 billion. Milacron Holdings Corp has a 12-month low of $12.43 and a 12-month high of $19.32. The company has a 50-day moving average price of $15.98 and a 200 day moving average price of $17.63.
Milacron Holdings Corp (NYSE:MCRN) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Milacron Holdings Corp had a return on equity of 9.05% and a net margin of 3.27%. The company had revenue of $309.20 million during the quarter, compared to analysts’ expectations of $308.25 million. During the same quarter in the previous year, the firm earned $0.41 EPS. Milacron Holdings Corp’s revenue was up .4% on a year-over-year basis. On average, 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 business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.99, for a total transaction of $215,865.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Goeke purchased 65,000 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $15.41 per share, with a total value of $1,001,650.00. The disclosure for this purchase can be found here. Insiders have sold a total of 7,640,312 shares of company stock valued at $127,667,613 in the last three months. 3.40% of the stock is owned by insiders.
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About Milacron Holdings Corp
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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