Milacron Holdings Corp. (NYSE:MCRN)‘s stock had its “buy” rating reiterated by investment analysts at Robert W. Baird in a research report issued on Wednesday. They presently have a $23.00 price target on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 33.57% from the stock’s previous close.

MCRN has been the subject of a number of other reports. BidaskClub lowered shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, TheStreet upgraded shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Milacron Holdings Corp. presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Shares of Milacron Holdings Corp. (NYSE MCRN) traded down 0.12% during trading on Wednesday, hitting $17.22. 1,128,978 shares of the stock traded hands. Milacron Holdings Corp. has a 1-year low of $12.43 and a 1-year high of $19.32. The company’s market cap is $1.19 billion. The stock has a 50-day moving average of $16.55 and a 200 day moving average of $16.55.

Milacron Holdings Corp. (NYSE:MCRN) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The company had revenue of $309.20 million during the quarter, compared to analyst estimates of $308.25 million. During the same period last year, the business earned $0.41 earnings per share. Milacron Holdings Corp.’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Milacron Holdings Corp. will post $1.61 EPS for the current fiscal year.

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In other news, Director Waters S. Iv Davis sold 13,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $15.99, for a total value of $215,865.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $16.71, for a total transaction of $126,079,022.04. The disclosure for this sale can be found here. Insiders sold 7,640,312 shares of company stock valued at $127,667,613 over the last 90 days. 3.40% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in MCRN. BNP Paribas Arbitrage SA boosted its position in shares of Milacron Holdings Corp. 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 acquiring an additional 5,089 shares during the period. Victory Capital Management Inc. bought a new position in shares of Milacron Holdings Corp. in the first quarter valued at approximately $106,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Milacron Holdings Corp. by 6.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 379 shares during the period. American International Group Inc. boosted its position in shares of 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 acquiring an additional 588 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Milacron Holdings Corp. in the second quarter valued at approximately $185,000.

About Milacron Holdings Corp.

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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