Milacron (NYSE:MCRN) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a research note issued on Wednesday.

A number of other analysts have also issued reports on MCRN. KeyCorp reissued a “buy” rating and issued a $21.00 price target on shares of Milacron in a research report on Friday, October 20th. BidaskClub upgraded shares of Milacron from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research cut Milacron from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of Milacron in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $21.67.

Shares of Milacron (MCRN) traded up $0.20 during trading hours on Wednesday, hitting $18.11. 688,400 shares of the company’s stock were exchanged, compared to its average volume of 513,561. The firm has a market capitalization of $1,263.38, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Milacron has a 52 week low of $15.09 and a 52 week high of $19.57. The company has a quick ratio of 1.31, a current ratio of 2.39 and a debt-to-equity ratio of -5.41.

Milacron (NYSE:MCRN) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. The company had revenue of $314.70 million for the quarter, compared to analysts’ expectations of $301.13 million. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts predict that Milacron will post 1.62 earnings per share for the current fiscal year.

In related news, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total value of $175,585,488.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ronald M. Krisanda sold 8,820 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $18.57, for a total transaction of $163,787.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,218,934 shares of company stock valued at $180,062,325. 3.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCRN. BNP Paribas Arbitrage SA increased its stake in Milacron 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 purchasing an additional 5,089 shares during the period. SG Americas Securities LLC acquired a new position in Milacron during the third quarter worth approximately $101,000. Bronfman E.L. Rothschild L.P. increased its position in Milacron 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 purchasing an additional 379 shares during the last quarter. Victory Capital Management Inc. increased its position in Milacron by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Milacron during the third quarter worth approximately $132,000. Institutional investors own 99.73% of the company’s stock.

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About Milacron

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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