Meritor, Inc. (MTOR) CEO Jeffrey A. Craig Sells 67,005 Shares
Meritor, Inc. (NYSE:MTOR) CEO Jeffrey A. Craig sold 67,005 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Meritor, Inc. (MTOR) traded up $0.12 during mid-day trading on Wednesday, reaching $24.40. The company’s stock had a trading volume of 1,009,200 shares, compared to its average volume of 1,197,490. The company has a market cap of $2,150.81, a PE ratio of 13.05 and a beta of 2.28. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.78 and a current ratio of 1.10. Meritor, Inc. has a 52-week low of $12.38 and a 52-week high of $27.96.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.15. The firm had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. equities analysts expect that Meritor, Inc. will post 2.4 earnings per share for the current year.
A number of research firms have recently weighed in on MTOR. BidaskClub raised Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. KeyCorp reaffirmed a “buy” rating and set a $37.00 price objective (up previously from $23.00) on shares of Meritor in a research note on Tuesday, September 19th. Longbow Research reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $22.00) on shares of Meritor in a research note on Tuesday, September 19th. Buckingham Research began coverage on Meritor in a research note on Tuesday, September 5th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, UBS raised their price objective on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $25.75.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Meritor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock worth $101,865,000 after purchasing an additional 141,587 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA bought a new position in shares of Meritor in the 3rd quarter valued at about $1,135,000. Kennedy Capital Management Inc. grew its holdings in shares of Meritor by 12.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 499,278 shares of the auto parts company’s stock valued at $8,293,000 after acquiring an additional 56,637 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Meritor in the 2nd quarter valued at about $1,232,000. Finally, Royce & Associates LP grew its holdings in shares of Meritor by 10.5% in the 2nd quarter. Royce & Associates LP now owns 1,305,294 shares of the auto parts company’s stock valued at $21,681,000 after acquiring an additional 124,500 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.
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Meritor Company Profile
Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.
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