Rothschild Asset Management Inc. decreased its position in shares of Meritor Inc (NYSE:MTOR) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,352,733 shares of the auto parts company’s stock after selling 57,236 shares during the quarter. Rothschild Asset Management Inc. owned 1.56% of Meritor worth $27,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. ARP Americas LP grew its holdings in shares of Meritor by 14.5% during the 1st quarter. ARP Americas LP now owns 24,454 shares of the auto parts company’s stock worth $503,000 after purchasing an additional 3,100 shares during the period. Alps Advisors Inc. boosted its holdings in Meritor by 182.5% in the 1st quarter. Alps Advisors Inc. now owns 78,184 shares of the auto parts company’s stock worth $1,607,000 after acquiring an additional 50,505 shares during the period. New York State Teachers Retirement System purchased a new position in Meritor in the 1st quarter worth approximately $154,000. Monarch Partners Asset Management LLC purchased a new position in Meritor in the 1st quarter worth approximately $12,891,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in Meritor in the 1st quarter worth approximately $727,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.

Shares of MTOR opened at $21.51 on Friday. Meritor Inc has a 52-week low of $17.28 and a 52-week high of $29.54. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 11.44 and a beta of 2.43. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 2.41.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, August 1st. The auto parts company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. Meritor had a return on equity of 88.32% and a net margin of 8.06%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted $0.64 EPS. Meritor’s quarterly revenue was up 22.7% on a year-over-year basis. sell-side analysts expect that Meritor Inc will post 2.96 earnings per share for the current fiscal year.

MTOR has been the subject of a number of analyst reports. Zacks Investment Research cut Meritor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 24th. ValuEngine cut Meritor from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Stifel Nicolaus set a $27.00 price target on Meritor and gave the stock a “buy” rating in a report on Friday, May 4th. Piper Jaffray Companies restated a “buy” rating and issued a $37.00 price target on shares of Meritor in a report on Wednesday, August 1st. Finally, Barclays upped their price target on Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Meritor has an average rating of “Buy” and a consensus price target of $28.68.

In other Meritor news, CEO Jeffrey A. Craig sold 34,678 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $21.84, for a total value of $757,367.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.32% of the company’s stock.

Meritor Company Profile

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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