Insider Selling: Milacron Holdings Corp. (MCRN) Director Sells 101,064 Shares of Stock
Milacron Holdings Corp. (NYSE:MCRN) Director Ira G. Boots sold 101,064 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $18.25, for a total transaction of $1,844,418.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Milacron Holdings Corp. (NYSE:MCRN) traded down 0.59% during midday trading on Thursday, reaching $18.39. 597,423 shares of the company were exchanged. The company’s 50-day moving average price is $16.84 and its 200 day moving average price is $16.84. Milacron Holdings Corp. has a 52-week low of $12.43 and a 52-week high of $19.57. The stock’s market capitalization is $1.27 billion.
Milacron Holdings Corp. (NYSE:MCRN) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share 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 business had revenue of $309.20 million during the quarter, compared to the consensus estimate of $308.25 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts predict that Milacron Holdings Corp. will post $1.61 earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, October 7th. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Milacron Holdings Corp. in a research note on Wednesday, October 4th. Finally, TheStreet upgraded shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. One equities research 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. The company has an average rating of “Hold” and a consensus price target of $22.00.
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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