According to Zacks, “Milacron’s top-line and bottom-line both dipped on a year-over-year basis. Earnings beat the Zacks Consensus Estimate while revenues missed the same. Management expects revenue growth will come from underlying market growth in key segments, geographic expansion of certain product lines, consistent penetration of hot runners, and incremental share gain from new products. Milacron’s cost-reduction initiatives will help boost margins. Consequently, the stock has outperformed the Zacks categorized sub industry in the past one year. However, a strengthening U.S dollar and pricing pressure in the APPT segment remain concerns.”
Milacron Holdings Corp (NYSE:MCRN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
Several other equities research analysts have also recently weighed in on the company. Robert W. Baird set a $22.00 price objective on Milacron Holdings Corp and gave the company a “buy” rating in a research report on Monday, February 6th. Barclays PLC reissued a “buy” rating and issued a $21.00 price objective on shares of Milacron Holdings Corp in a research report on Wednesday, January 18th.
Milacron Holdings Corp (NYSE:MCRN) opened at 18.39 on Monday. The firm has a market cap of $1.26 billion, a P/E ratio of 42.77 and a beta of 0.81. Milacron Holdings Corp has a one year low of $12.43 and a one year high of $19.32. The stock’s 50 day moving average is $18.12 and its 200 day moving average is $17.22.
Milacron Holdings Corp (NYSE:MCRN) last announced its earnings results on Thursday, February 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14. The firm earned $289.10 million during the quarter, compared to analysts’ expectations of $292.79 million. Milacron Holdings Corp had a negative return on equity of 55.61% and a net margin of 3.79%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities research analysts expect that Milacron Holdings Corp will post $1.61 earnings per share for the current year.
In other news, major shareholder Ccmp Capital, Lp sold 2,975,442 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $15.60, for a total value of $46,416,895.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Waters S. Iv Davis sold 2,905 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $15.60, for a total value of $45,318.00. The disclosure for this sale can be found here. Insiders sold 3,012,035 shares of company stock valued at $47,078,798 over the last three months. 5.40% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in shares of Milacron Holdings Corp during the fourth quarter worth approximately $15,285,000. TimesSquare Capital Management LLC raised its position in shares of Milacron Holdings Corp by 20.7% in the third quarter. TimesSquare Capital Management LLC now owns 2,719,795 shares of the company’s stock worth $43,408,000 after buying an additional 467,365 shares during the last quarter. Levin Capital Strategies L.P. raised its position in shares of Milacron Holdings Corp by 6.8% in the fourth quarter. Levin Capital Strategies L.P. now owns 3,512,076 shares of the company’s stock worth $65,430,000 after buying an additional 223,972 shares during the last quarter. Wexford Capital LP purchased a new position in shares of Milacron Holdings Corp during the fourth quarter worth approximately $506,000. Finally, Two Sigma Investments LP purchased a new position in shares of Milacron Holdings Corp during the fourth quarter worth approximately $308,000.
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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