Meritor, Inc. (NYSE:MTOR) CFO Kevin Nowlan sold 17,977 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.64, for a total transaction of $442,953.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Meritor, Inc. (NYSE:MTOR) opened at $24.14 on Thursday. Meritor, Inc. has a 12-month low of $12.38 and a 12-month high of $27.96. The firm has a market cap of $2,161.44, a PE ratio of 13.12 and a beta of 2.28. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.78 and a current ratio of 1.10.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. During the same period last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. equities research analysts anticipate that Meritor, Inc. will post 2.4 EPS for the current year.
A number of brokerages have commented on MTOR. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Longbow Research downgraded shares of Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Barclays set a $22.00 target price on shares of Meritor and gave the stock a “hold” rating in a research note on Friday, October 20th. UBS lifted their target price on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.75.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its holdings in shares of Meritor by 8.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 596 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Meritor by 123.3% in the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after purchasing an additional 4,611 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Meritor by 21.2% in the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after purchasing an additional 1,491 shares in the last quarter. AMP Capital Investors Ltd acquired a new position in shares of Meritor in the third quarter valued at approximately $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Meritor in the third quarter valued at approximately $232,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
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Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.
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