Milacron Holdings Corp. (MCRN) Downgraded by BidaskClub
Milacron Holdings Corp. (NYSE:MCRN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Several other research analysts have also commented on the company. Zacks Investment Research raised Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp reissued a “buy” rating and issued a $21.00 price objective on shares of Milacron Holdings Corp. in a research report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $23.00 price objective on shares of Milacron Holdings Corp. in a research report on Wednesday, October 4th. Finally, TheStreet raised Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Milacron Holdings Corp. presently has an average rating of “Buy” and a consensus target price of $21.67.
Milacron Holdings Corp. (NYSE:MCRN) opened at $16.76 on Tuesday. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. Milacron Holdings Corp. has a 52-week low of $14.89 and a 52-week high of $19.57. The company has a market capitalization of $1,170.36, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97.
Milacron Holdings Corp. (NYSE:MCRN) last released its quarterly earnings data 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. Milacron Holdings Corp. had a negative return on equity of 56.93% and a negative net margin of 0.09%. The company had revenue of $314.70 million for the quarter, compared to analyst estimates of $301.13 million. During the same period last year, the company posted $0.36 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. equities research analysts anticipate that Milacron Holdings Corp. will post 1.62 EPS for the current fiscal year.
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In other Milacron Holdings Corp. news, CEO Thomas J. Goeke bought 65,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $15.41 per share, with a total value of $1,001,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Waters S. Iv Davis sold 13,500 shares of Milacron Holdings Corp. stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $15.99, for a total value of $215,865.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,364 shares of company stock worth $3,882,001. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Milacron Holdings Corp. by 6.0% during the second 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 during the last quarter. Pitcairn Co. increased its holdings in Milacron Holdings Corp. by 3.5% in the second quarter. Pitcairn Co. now owns 13,292 shares of the industrial products company’s stock valued at $234,000 after buying an additional 452 shares during the last quarter. American International Group Inc. increased its holdings in Milacron Holdings Corp. by 7.0% in the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock valued at $167,000 after buying an additional 588 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Milacron Holdings Corp. 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 last quarter. Finally, Stifel Financial Corp increased its holdings in Milacron Holdings Corp. by 3.3% in the second quarter. Stifel Financial Corp now owns 75,418 shares of the industrial products company’s stock valued at $1,326,000 after buying an additional 2,404 shares during the last quarter. 91.42% of the stock is currently owned by institutional investors and hedge funds.
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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