Milacron Holdings Corp. (MCRN) Earns “Buy” Rating from Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of Milacron Holdings Corp. (NYSE:MCRN) in a report issued on Wednesday. The firm currently has a $23.00 target price on the industrial products company’s stock.

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Milacron Holdings Corp. from a buy rating to a hold rating in a research note on Sunday, July 30th. TheStreet upgraded shares of Milacron Holdings Corp. from a d+ rating to a c rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Milacron Holdings Corp. from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Milacron Holdings Corp. presently has a consensus rating of Buy and a consensus target price of $22.00.

Shares of Milacron Holdings Corp. (MCRN) traded up 0.23% during mid-day trading on Wednesday, reaching $17.56. 445,336 shares of the company were exchanged. The company’s 50-day moving average is $16.65 and its 200 day moving average is $16.65. The firm’s market capitalization is $1.22 billion. Milacron Holdings Corp. has a 12 month low of $12.43 and a 12 month high of $19.32.

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, beating the consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The firm had revenue of $309.20 million during the quarter, compared to analyst estimates of $308.25 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts predict that Milacron Holdings Corp. will post $1.61 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/08/milacron-holdings-corp-mcrn-earns-buy-rating-from-robert-w-baird.html.

In other news, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $16.71, for a total transaction of $126,079,022.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Goeke purchased 65,000 shares of Milacron Holdings Corp. stock in a transaction dated Monday, August 21st. The shares were purchased 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. In the last three months, insiders have sold 7,606,624 shares of company stock valued at $127,052,807. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its holdings in shares of Milacron Holdings Corp. by 31.9% during the second quarter. Lord Abbett & CO. LLC now owns 1,710,430 shares of the industrial products company’s stock valued at $30,086,000 after acquiring an additional 413,345 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Milacron Holdings Corp. by 43.0% during the second quarter. Public Employees Retirement System of Ohio now owns 76,258 shares of the industrial products company’s stock valued at $1,341,000 after acquiring an additional 22,928 shares during the period. Delphi Management Inc. MA boosted its holdings in shares of Milacron Holdings Corp. by 101.5% during the second quarter. Delphi Management Inc. MA now owns 126,264 shares of the industrial products company’s stock valued at $2,221,000 after acquiring an additional 63,604 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Milacron Holdings Corp. by 177.6% during the second quarter. California State Teachers Retirement System now owns 79,554 shares of the industrial products company’s stock valued at $1,399,000 after acquiring an additional 50,900 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Milacron Holdings Corp. by 174.3% during the second quarte

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Milacron Holdings Corp. from a buy rating to a hold rating in a research note on Sunday, July 30th. TheStreet upgraded shares of Milacron Holdings Corp. from a d+ rating to a c rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Milacron Holdings Corp. from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Milacron Holdings Corp. presently has a consensus rating of Buy and a consensus target price of $22.00.

Shares of Milacron Holdings Corp. (MCRN) traded up 0.23% during mid-day trading on Wednesday, reaching $17.56. 445,336 shares of the company were exchanged. The company’s 50-day moving average is $16.65 and its 200 day moving average is $16.65. The firm’s market capitalization is $1.22 billion. Milacron Holdings Corp. has a 12 month low of $12.43 and a 12 month high of $19.32.

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, beating the consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The firm had revenue of $309.20 million during the quarter, compared to analyst estimates of $308.25 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts predict that Milacron Holdings Corp. will post $1.61 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/08/milacron-holdings-corp-mcrn-earns-buy-rating-from-robert-w-baird.html.

In other news, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $16.71, for a total transaction of $126,079,022.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Goeke purchased 65,000 shares of Milacron Holdings Corp. stock in a transaction dated Monday, August 21st. The shares were purchased 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. In the last three months, insiders have sold 7,606,624 shares of company stock valued at $127,052,807. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its holdings in shares of Milacron Holdings Corp. by 31.9% during the second quarter. Lord Abbett & CO. LLC now owns 1,710,430 shares of the industrial products company’s stock valued at $30,086,000 after acquiring an additional 413,345 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Milacron Holdings Corp. by 43.0% during the second quarter. Public Employees Retirement System of Ohio now owns 76,258 shares of the industrial products company’s stock valued at $1,341,000 after acquiring an additional 22,928 shares during the period. Delphi Management Inc. MA boosted its holdings in shares of Milacron Holdings Corp. by 101.5% during the second quarter. Delphi Management Inc. MA now owns 126,264 shares of the industrial products company’s stock valued at $2,221,000 after acquiring an additional 63,604 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Milacron Holdings Corp. by 177.6% during the second quarter. California State Teachers Retirement System now owns 79,554 shares of the industrial products company’s stock valued at $1,399,000 after acquiring an additional 50,900 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Milacron Holdings Corp. by 174.3% during the second quarter. The Manufacturers Life Insurance Company now owns 34,922 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 22,191 shares during the period.

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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