Milacron (MCRN) Sees Large Volume Increase

Shares of Milacron Holdings Corp (NYSE:MCRN) saw unusually-strong trading volume on Thursday . Approximately 1,686,589 shares traded hands during trading, an increase of 256% from the previous session’s volume of 473,836 shares.The stock last traded at $18.66 and had previously closed at $18.27.

Several analysts recently weighed in on MCRN shares. BidaskClub upgraded Milacron from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded Milacron from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp restated a “buy” rating and set a $21.00 price objective on shares of Milacron in a research report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Milacron in a research report on Wednesday, October 4th. Finally, TheStreet upgraded Milacron from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Milacron currently has an average rating of “Buy” and an average price target of $21.50.

The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41. The company has a market cap of $1,270.00 and a PE ratio of -622.00.

Milacron (NYSE:MCRN) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $314.70 million during the quarter, compared to the consensus estimate of $301.13 million. Milacron had a return on equity of 10.21% and a net margin of 3.91%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. analysts predict that Milacron Holdings Corp will post 1.62 earnings per share for the current fiscal year.

In other news, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total value of $175,585,488.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ira G. Boots sold 33,689 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $19.02, for a total value of $640,764.78. The disclosure for this sale can be found here. Insiders sold 11,129,039 shares of company stock valued at $178,449,583 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Milacron by 765.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after buying an additional 5,089 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Milacron in the third quarter valued at about $101,000. Victory Capital Management Inc. increased its stake in shares of Milacron by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after buying an additional 1,000 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Milacron in the third quarter valued at about $132,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Milacron in the second quarter valued at about $185,000. 99.73% of the stock is owned by institutional investors.

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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.

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