Prudential Financial Inc. Sells 35,701 Shares of Milacron Holdings Corp (NYSE:MCRN)

Prudential Financial Inc. lowered its stake in shares of Milacron Holdings Corp (NYSE:MCRN) by 8.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 391,451 shares of the industrial products company’s stock after selling 35,701 shares during the quarter. Prudential Financial Inc.’s holdings in Milacron were worth $5,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MCRN. Penn Capital Management Co. Inc. lifted its holdings in shares of Milacron by 12.8% during the second quarter. Penn Capital Management Co. Inc. now owns 966,101 shares of the industrial products company’s stock worth $13,332,000 after buying an additional 109,995 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Milacron by 1.8% during the second quarter. Swiss National Bank now owns 131,200 shares of the industrial products company’s stock worth $1,811,000 after buying an additional 2,300 shares during the last quarter. Comerica Bank lifted its holdings in shares of Milacron by 36.0% during the second quarter. Comerica Bank now owns 234,380 shares of the industrial products company’s stock worth $4,008,000 after buying an additional 62,095 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Milacron by 22.6% during the second quarter. Wedge Capital Management L L P NC now owns 864,150 shares of the industrial products company’s stock worth $11,925,000 after buying an additional 159,301 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Milacron by 4.1% during the second quarter. Keybank National Association OH now owns 64,100 shares of the industrial products company’s stock worth $885,000 after buying an additional 2,525 shares during the last quarter. 94.87% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE MCRN traded up $0.08 during trading hours on Friday, reaching $16.71. The stock had a trading volume of 13,031 shares, compared to its average volume of 837,770. The business’s fifty day moving average is $16.11 and its two-hundred day moving average is $14.21. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.70 and a quick ratio of 1.69. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 3.90 and a beta of 1.79. Milacron Holdings Corp has a twelve month low of $11.11 and a twelve month high of $22.09.

Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $271.40 million during the quarter, compared to analyst estimates of $281.73 million. Milacron had a return on equity of 20.30% and a net margin of 2.11%. Milacron’s revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Sell-side analysts forecast that Milacron Holdings Corp will post 1.36 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Milacron from a “hold” rating to a “sell” rating and set a $15.00 price target for the company. in a report on Thursday, July 4th. Robert W. Baird lowered Milacron from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $17.00 in a report on Wednesday, July 31st. Finally, ValuEngine upgraded Milacron from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.

In related news, CFO Bruce A. Chalmers sold 4,993 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $16.31, for a total value of $81,435.83. Following the completion of the transaction, the chief financial officer now directly owns 247,488 shares in the company, valued at $4,036,529.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.40% of the company’s stock.

About Milacron

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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