Bank of New York Mellon Corp Buys 532,996 Shares of Milacron Holdings Corp (MCRN)

Bank of New York Mellon Corp grew its stake in shares of Milacron Holdings Corp (NYSE:MCRN) by 166.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 852,383 shares of the industrial products company’s stock after buying an additional 532,996 shares during the quarter. Bank of New York Mellon Corp owned 1.23% of Milacron worth $16,315,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Milacron during the third quarter worth about $101,000. Quantbot Technologies LP purchased a new stake in shares of Milacron during the third quarter worth about $132,000. Highbridge Capital Management LLC purchased a new stake in shares of Milacron during the third quarter worth about $215,000. US Bancorp DE boosted its holdings in shares of Milacron by 95.8% during the fourth quarter. US Bancorp DE now owns 12,948 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 6,335 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Milacron by 207.4% during the third quarter. Sei Investments Co. now owns 13,296 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 8,971 shares during the period.

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In other news, Director Jim M. Kratochvil sold 28,000 shares of Milacron stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $21.65, for a total transaction of $606,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce A. Chalmers sold 2,054 shares of Milacron stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $21.12, for a total transaction of $43,380.48. The disclosure for this sale can be found here. Insiders have sold 105,232 shares of company stock valued at $2,088,200 over the last quarter. Company insiders own 3.40% of the company’s stock.

Several analysts have commented on MCRN shares. Zacks Investment Research lowered shares of Milacron from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. TheStreet lowered shares of Milacron from a “b” rating to a “c” rating in a report on Friday, January 26th. ValuEngine upgraded shares of Milacron from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Finally, KeyCorp restated a “buy” rating and issued a $24.00 price objective on shares of Milacron in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Milacron currently has an average rating of “Buy” and an average target price of $24.00.

Shares of Milacron Holdings Corp (MCRN) opened at $20.03 on Monday. Milacron Holdings Corp has a 1-year low of $15.09 and a 1-year high of $22.62. The company has a market cap of $1,398.76, a PE ratio of 11.85, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of -5.90.

Milacron (NYSE:MCRN) last released its earnings results on Tuesday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Milacron had a net margin of 0.09% and a negative return on equity of 62.36%. The firm had revenue of $324.90 million during the quarter, compared to analyst estimates of $302.91 million. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. equities analysts anticipate that Milacron Holdings Corp will post 1.87 EPS for the current fiscal year.

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Milacron 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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Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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