Milacron (MCRN) Rating Increased to B at TheStreet
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.
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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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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