Meritor Inc (NYSE:MTOR) SVP Boise April Miller sold 31,830 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $17.38, for a total transaction of $553,205.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NYSE MTOR traded down $0.11 on Monday, hitting $17.87. The stock had a trading volume of 1,255,100 shares, compared to its average volume of 870,983. Meritor Inc has a one year low of $15.01 and a one year high of $25.78. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 5.90 and a beta of 2.22. The company’s 50-day moving average is $22.34 and its two-hundred day moving average is $22.04.
Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Meritor had a net margin of 6.31% and a return on equity of 83.77%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. Meritor’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Meritor Inc will post 3.72 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MTOR. Dimensional Fund Advisors LP raised its stake in shares of Meritor by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,718,601 shares of the auto parts company’s stock valued at $62,881,000 after acquiring an additional 42,995 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Meritor by 1.9% during the 4th quarter. Legal & General Group Plc now owns 66,243 shares of the auto parts company’s stock worth $1,121,000 after acquiring an additional 1,204 shares in the last quarter. Norges Bank purchased a new stake in shares of Meritor during the 4th quarter worth approximately $17,742,000. Investors Research Corp purchased a new stake in shares of Meritor during the 1st quarter worth approximately $60,000. Finally, Boston Advisors LLC raised its position in shares of Meritor by 12.9% during the 1st quarter. Boston Advisors LLC now owns 149,540 shares of the auto parts company’s stock worth $3,043,000 after purchasing an additional 17,030 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
Several equities research analysts recently weighed in on MTOR shares. Buckingham Research dropped their price objective on shares of Meritor from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, August 1st. Stifel Nicolaus set a $29.00 price objective on shares of Meritor and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Longbow Research lowered shares of Meritor from a “buy” rating to a “neutral” rating and set a $23.42 price objective on the stock. in a research note on Monday, May 6th. Finally, ValuEngine lowered shares of Meritor from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Meritor has a consensus rating of “Hold” and an average target price of $26.18.
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.
Further Reading: Balanced Fund
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