SG Americas Securities LLC Sells 13,513 Shares of Meritor, Inc. (MTOR)
SG Americas Securities LLC reduced its holdings in shares of Meritor, Inc. (NYSE:MTOR) by 61.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,572 shares of the auto parts company’s stock after selling 13,513 shares during the period. SG Americas Securities LLC’s holdings in Meritor were worth $142,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Meritor by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 11,154,890 shares of the auto parts company’s stock worth $191,083,000 after buying an additional 749,068 shares during the period. BlackRock Inc. increased its stake in Meritor by 22,259.3% during the 1st quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock worth $102,629,000 after buying an additional 5,964,374 shares during the period. Dimensional Fund Advisors LP increased its stake in Meritor by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,570,595 shares of the auto parts company’s stock worth $61,163,000 after buying an additional 129,244 shares during the period. State Street Corp increased its stake in Meritor by 7.9% during the 1st quarter. State Street Corp now owns 1,798,894 shares of the auto parts company’s stock worth $30,815,000 after buying an additional 131,156 shares during the period. Finally, Royce & Associates LP increased its stake in Meritor by 16.5% during the 1st quarter. Royce & Associates LP now owns 1,180,794 shares of the auto parts company’s stock worth $20,227,000 after buying an additional 166,913 shares during the period. 93.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Robert H. Speed sold 4,192 shares of Meritor stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the sale, the senior vice president now owns 30,000 shares in the company, valued at $576,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.87% of the company’s stock.
Shares of Meritor, Inc. (NYSE MTOR) opened at 26.40 on Friday. Meritor, Inc. has a 12 month low of $9.84 and a 12 month high of $26.50. The stock has a market capitalization of $2.34 billion, a P/E ratio of 4.28 and a beta of 2.21. The firm has a 50 day moving average of $19.75 and a 200-day moving average of $17.46.
Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.20. The company had revenue of $920.00 million for the quarter, compared to analyst estimates of $846.19 million. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. Analysts forecast that Meritor, Inc. will post $1.70 earnings per share for the current year.
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Several equities research analysts recently weighed in on MTOR shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 target price on shares of Meritor in a research note on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of Meritor in a research report on Monday, September 4th. Zacks Investment Research raised shares of Meritor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Barclays PLC reissued an “equal weight” rating and issued a $21.00 price objective (up from $17.00) on shares of Meritor in a research report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.25.
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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