Chicago Equity Partners LLC reduced its stake in shares of Meritor Inc (NYSE:MTOR) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 334,765 shares of the auto parts company’s stock after selling 3,225 shares during the period. Chicago Equity Partners LLC’s holdings in Meritor were worth $5,661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTOR. Janney Montgomery Scott LLC grew its stake in shares of Meritor by 67.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,906 shares of the auto parts company’s stock worth $793,000 after acquiring an additional 18,847 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of Meritor by 5.5% in the fourth quarter. First Mercantile Trust Co. now owns 19,733 shares of the auto parts company’s stock worth $334,000 after acquiring an additional 1,035 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Meritor by 45.0% in the fourth quarter. Rhumbline Advisers now owns 108,876 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 33,773 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Meritor by 51.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,281,353 shares of the auto parts company’s stock worth $38,578,000 after acquiring an additional 774,580 shares in the last quarter. Finally, ICM Asset Management Inc. WA grew its stake in shares of Meritor by 32.5% in the fourth quarter. ICM Asset Management Inc. WA now owns 213,150 shares of the auto parts company’s stock worth $3,604,000 after acquiring an additional 52,300 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

In related news, VP Paul Bialy sold 2,697 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $16.06, for a total value of $43,313.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Craig sold 242,358 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $16.07, for a total transaction of $3,894,693.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 344,281 shares of company stock valued at $5,585,510. 2.80% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on MTOR. ValuEngine raised shares of Meritor from a “strong sell” rating to a “sell” rating in a research report on Monday, December 17th. Zacks Investment Research cut shares of Meritor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Barclays reaffirmed a “hold” rating and set a $19.00 price objective on shares of Meritor in a research report on Sunday, January 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective on shares of Meritor in a research report on Sunday, November 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Meritor in a research report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.60.

Meritor stock opened at $20.23 on Monday. The firm has a market cap of $1.69 billion, a PE ratio of 6.68 and a beta of 2.14. Meritor Inc has a 12-month low of $15.01 and a 12-month high of $27.43. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.08 and a quick ratio of 0.62.

Meritor (NYSE:MTOR) last released its quarterly earnings data on Tuesday, January 29th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $967.98 million. Meritor had a net margin of 5.63% and a return on equity of 89.57%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. As a group, sell-side analysts forecast that Meritor Inc will post 3.36 earnings per share for the current year.

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Meritor 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 & Trailer; and Aftermarket & Industrial.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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