Meritor Inc (NYSE:MTOR) SVP Chris Villavarayan sold 37,375 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $24.74, for a total transaction of $924,657.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chris Villavarayan also recently made the following trade(s):

  • On Friday, November 15th, Chris Villavarayan sold 13,500 shares of Meritor stock. The shares were sold at an average price of $24.50, for a total transaction of $330,750.00.

Shares of MTOR opened at $23.12 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 0.74. The firm’s 50 day moving average is $23.46 and its 200-day moving average is $21.23. Meritor Inc has a 12-month low of $15.03 and a 12-month high of $25.90. The stock has a market capitalization of $1.85 billion, a P/E ratio of 6.05 and a beta of 2.28.

Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 13th. The auto parts company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.68 by $0.15. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.06 billion. Meritor had a net margin of 6.63% and a return on equity of 78.25%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. As a group, equities research analysts forecast that Meritor Inc will post 2.82 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Meritor by 0.5% during the 3rd quarter. State Street Corp now owns 1,680,037 shares of the auto parts company’s stock worth $31,081,000 after acquiring an additional 8,960 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Meritor during the second quarter worth $36,935,000. JPMorgan Chase & Co. raised its position in shares of Meritor by 3.0% during the second quarter. JPMorgan Chase & Co. now owns 1,499,737 shares of the auto parts company’s stock worth $36,369,000 after purchasing an additional 43,865 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Meritor by 67.6% during the second quarter. Prudential Financial Inc. now owns 1,167,951 shares of the auto parts company’s stock valued at $28,322,000 after purchasing an additional 471,038 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Meritor by 2,068.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,154,290 shares of the auto parts company’s stock valued at $27,992,000 after purchasing an additional 1,101,070 shares during the last quarter.

MTOR has been the topic of several recent analyst reports. ValuEngine raised Meritor from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 19th. Barclays cut their target price on Meritor from $21.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Buckingham Research decreased their price target on Meritor from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Citigroup lowered their price target on Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, August 26th. Finally, UBS Group dropped their price objective on Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.80.

About Meritor

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; and Aftermarket, Industrial and Trailer.

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