Robert W. Baird Reiterates “Buy” Rating for Milacron Holdings Corp. (MCRN)
Milacron Holdings Corp. (NYSE:MCRN)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a research report issued on Wednesday. They presently have a $23.00 target price on the industrial products company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 33.41% from the company’s current price.
A number of other research analysts have also commented on MCRN. BidaskClub lowered shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. TheStreet raised Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.33.
Shares of Milacron Holdings Corp. (MCRN) remained flat at $17.24 during mid-day trading on Wednesday. 329,003 shares of the company were exchanged. Milacron Holdings Corp. has a one year low of $12.43 and a one year high of $19.32. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $16.51. The stock’s market cap is $1.19 billion.
Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The company had revenue of $309.20 million during the quarter, compared to analysts’ expectations of $308.25 million. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, equities analysts forecast that Milacron Holdings Corp. will post $1.61 EPS for the current year.
In other news, Director Ira G. Boots sold 33,688 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $18.25, for a total transaction of $614,806.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Waters S. Iv Davis sold 48,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $15.79, for a total transaction of $757,920.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,640,312 shares of company stock worth $127,667,613. Company insiders own 3.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP purchased a new position in shares of Milacron Holdings Corp. in the second quarter valued at $1,159,000. Renaissance Technologies LLC purchased a new stake in shares of Milacron Holdings Corp. in the 1st quarter worth about $1,628,000. Schwab Charles Investment Management Inc. boosted its position in shares of Milacron Holdings Corp. by 52.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,224 shares of the industrial products company’s stock worth $1,456,000 after buying an additional 26,764 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Milacron Holdings Corp. by 12.3% in the 2nd 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 buying an additional 325,470 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new stake in shares of Milacron Holdings Corp. in the 2nd quarter worth about $8,471,000.
Milacron Holdings Corp. 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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