Bank of Montreal Can Grows Holdings in Milacron Holdings Corp (MCRN)

Bank of Montreal Can raised its holdings in shares of Milacron Holdings Corp (NYSE:MCRN) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,696 shares of the industrial products company’s stock after purchasing an additional 17,572 shares during the period. Bank of Montreal Can owned 0.14% of Milacron worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Milacron by 6.5% in the 2nd quarter. Northern Trust Corp now owns 778,334 shares of the industrial products company’s stock valued at $14,733,000 after buying an additional 47,435 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Milacron by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,107,524 shares of the industrial products company’s stock valued at $20,965,000 after buying an additional 18,439 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Milacron by 15.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 87,311 shares of the industrial products company’s stock valued at $1,653,000 after buying an additional 11,631 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Milacron in the 2nd quarter valued at approximately $344,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Milacron in the 2nd quarter valued at approximately $324,000. Institutional investors own 99.00% of the company’s stock.

In other Milacron news, Director James Gentilcore sold 35,800 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $21.08, for a total transaction of $754,664.00. Following the completion of the sale, the director now owns 34,765 shares of the company’s stock, valued at approximately $732,846.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Milacron from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Robert W. Baird reissued a “buy” rating and issued a $27.00 price objective on shares of Milacron in a report on Thursday, July 26th. ValuEngine downgraded Milacron from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, KeyCorp cut their price objective on Milacron from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.

Shares of Milacron stock opened at $14.02 on Friday. Milacron Holdings Corp has a 1 year low of $13.92 and a 1 year high of $22.62. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28.

Milacron (NYSE:MCRN) last announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Milacron had a negative return on equity of 87.32% and a net margin of 3.07%. The business had revenue of $308.30 million during the quarter, compared to the consensus estimate of $320.00 million. Equities research analysts expect that Milacron Holdings Corp will post 1.67 earnings per share for the current fiscal year.

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Milacron Profile

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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