Meritor Inc (MTOR) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC lowered its stake in Meritor Inc (NYSE:MTOR) by 42.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 672,622 shares of the auto parts company’s stock after selling 503,178 shares during the quarter. Neuberger Berman Group LLC owned about 0.76% of Meritor worth $17,495,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in Meritor by 8.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 596 shares during the period. Meeder Asset Management Inc. lifted its holdings in Meritor by 123.3% in the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after purchasing an additional 4,611 shares during the period. Federated Investors Inc. PA lifted its holdings in Meritor by 21.2% in the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after purchasing an additional 1,491 shares during the period. AMP Capital Investors Ltd acquired a new stake in Meritor in the third quarter worth about $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Meritor in the third quarter worth about $232,000. 96.18% of the stock is owned by institutional investors and hedge funds.
Shares of Meritor Inc (NYSE:MTOR) opened at $23.88 on Monday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78. Meritor Inc has a 1 year low of $12.38 and a 1 year high of $27.96. The company has a market cap of $2,110.00, a PE ratio of 6.56 and a beta of 2.28.
Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The firm had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. equities analysts anticipate that Meritor Inc will post 2.43 EPS for the current year.
In other Meritor news, CEO Jeffrey A. Craig sold 67,005 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.63, for a total transaction of $1,650,333.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevin Nowlan sold 17,977 shares of Meritor stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $442,953.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,290 shares of company stock worth $3,549,231. Corporate insiders own 2.32% of the company’s stock.
Several brokerages have commented on MTOR. BidaskClub upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. UBS Group boosted their price target on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Barclays reiterated an “equal weight” rating and issued a $21.00 price target (up from $17.00) on shares of Meritor in a research report on Tuesday, September 12th. Buckingham Research began coverage on shares of Meritor in a research report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price target on shares of Meritor in a research report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Meritor currently has a consensus rating of “Buy” and an average price target of $26.14.
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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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