Meritor Inc (NYSE:MTOR) SVP Chris Villavarayan sold 13,500 shares of Meritor stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.50, for a total transaction of $330,750.00. Following the transaction, the senior vice president now owns 13,716 shares of the company’s stock, valued at $336,042. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
MTOR stock opened at $24.05 on Friday. The firm has a 50 day moving average price of $21.51 and a 200-day moving average price of $21.04. Meritor Inc has a 52-week low of $15.03 and a 52-week high of $25.78. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.30 and a beta of 2.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 1.30.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 13th. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Meritor had a net margin of 6.63% and a return on equity of 78.25%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.82 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Meritor Inc will post 2.82 earnings per share for the current fiscal year.
MTOR has been the subject of several recent research reports. UBS Group lowered their target price on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Buckingham Research lowered their target price on shares of Meritor from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 16th. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a report on Thursday, August 1st. ValuEngine upgraded shares of Meritor from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Barclays lowered their target price on shares of Meritor from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Meritor currently has a consensus rating of “Hold” and an average target price of $23.80.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC bought a new stake in shares of Meritor during the second quarter valued at approximately $36,935,000. JPMorgan Chase & Co. increased 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 valued at $36,369,000 after acquiring an additional 43,865 shares in the last quarter. Prudential Financial Inc. increased its position 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 acquiring an additional 471,038 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position 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 acquiring an additional 1,101,070 shares in the last quarter. Finally, Cortina Asset Management LLC increased its position in shares of Meritor by 14.2% during the second quarter. Cortina Asset Management LLC now owns 406,333 shares of the auto parts company’s stock valued at $9,854,000 after acquiring an additional 50,672 shares in the last quarter. 93.79% of the stock is owned by institutional investors.
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; and Aftermarket, Industrial and Trailer.
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