Walthausen & Co. LLC Invests $6.77 Million in Milacron Holdings Corp (MCRN)

Walthausen & Co. LLC acquired a new position in Milacron Holdings Corp (NYSE:MCRN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 401,680 shares of the industrial products company’s stock, valued at approximately $6,772,000. Walthausen & Co. LLC owned 0.58% of Milacron as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Milacron by 765.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 5,089 shares during the period. SG Americas Securities LLC bought a new position in shares of Milacron in the 3rd quarter worth approximately $101,000. Bronfman E.L. Rothschild L.P. increased its holdings in Milacron by 6.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 379 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Milacron by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Milacron in the 3rd quarter worth approximately $132,000. Hedge funds and other institutional investors own 99.73% of the company’s stock.

Milacron Holdings Corp (NYSE:MCRN) traded up $0.06 during trading on Wednesday, reaching $18.00. 703,500 shares of the company traded hands, compared to its average volume of 511,497. The stock has a market cap of $1,245.33, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. Milacron Holdings Corp has a one year low of $15.09 and a one year high of $19.57. The company has a quick ratio of 1.31, a current ratio of 2.39 and a debt-to-equity ratio of -5.41.

Milacron (NYSE:MCRN) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. 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 prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. analysts predict that Milacron Holdings Corp will post 1.62 EPS for the current fiscal year.

In other Milacron news, CFO Bruce A. Chalmers sold 8,600 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $18.18, for a total transaction of $156,348.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ira G. Boots sold 43,077 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $18.25, for a total transaction of $786,155.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,184,634 shares of company stock valued at $179,436,207. Insiders own 3.40% of the company’s stock.

Several equities research analysts recently issued reports on MCRN shares. BidaskClub raised shares of Milacron from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Milacron from a “sell” rating to a “hold” rating in a report on Monday, October 30th. KeyCorp reissued a “buy” rating and issued a $21.00 target price on shares of Milacron in a report on Friday, October 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 target price on shares of Milacron in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $21.67.

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Milacron 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.

Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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