Paul Bialy Sells 2,191 Shares of Meritor, Inc. (MTOR) Stock
Meritor, Inc. (NYSE:MTOR) VP Paul Bialy sold 2,191 shares of Meritor stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $53,986.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Meritor, Inc. (NYSE:MTOR) traded up $0.12 on Tuesday, hitting $24.40. The stock had a trading volume of 1,009,243 shares, compared to its average volume of 1,197,490. 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, Inc. has a one year low of $12.38 and a one year high of $27.96. The company has a market cap of $2,195.98, a price-to-earnings ratio of 13.33 and a beta of 2.28.
Meritor (NYSE:MTOR) last released its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. During the same quarter last year, the business posted $0.34 EPS. Meritor’s revenue for the quarter was up 26.6% on a year-over-year basis. equities analysts expect that Meritor, Inc. will post 2.4 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTOR. Rothschild Asset Management Inc. acquired a new stake in shares of Meritor during the 3rd quarter valued at $37,927,000. Russell Investments Group Ltd. boosted its holdings in shares of Meritor by 340.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock valued at $21,218,000 after acquiring an additional 630,702 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Meritor during the 3rd quarter valued at $16,311,000. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Meritor by 108.4% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,151,730 shares of the auto parts company’s stock valued at $19,130,000 after acquiring an additional 599,136 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Meritor during the 3rd quarter valued at $13,493,000. 96.20% of the stock is currently owned by institutional investors.
MTOR has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of Meritor in a research note on Monday, September 4th. Barclays set a $22.00 price target on Meritor and gave the company a “hold” rating in a research note on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price target (up previously from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. J P Morgan Chase & Co lifted their price target on Meritor from $19.00 to $21.50 and gave the company a “neutral” rating in a research note on Tuesday, September 12th. Finally, Citigroup reiterated a “neutral” rating and issued a $22.00 price target (up previously from $19.00) on shares of Meritor in a research note on Tuesday, September 12th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Meritor presently has a consensus rating of “Buy” and an average target price of $25.75.
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Meritor Company Profile
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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