Meritor, Inc. (NYSE:MTOR) saw some unusual options trading activity on Thursday. Stock investors acquired 7,190 put options on the company. This represents an increase of approximately 1,436% compared to the typical daily volume of 468 put options.

Meritor (NYSE:MTOR) opened at $23.08 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78. Meritor has a 52-week low of $12.38 and a 52-week high of $27.96. The firm has a market cap of $2,008.19, a P/E ratio of 12.19 and a beta of 2.28.

Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $836.39 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. sell-side analysts predict that Meritor will post 2.43 EPS for the current fiscal year.

In related news, VP Paul Bialy sold 2,191 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.64, for a total transaction of $53,986.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Craig sold 67,005 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.63, for a total transaction of $1,650,333.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,290 shares of company stock worth $3,549,231. 2.87% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC increased its stake in shares of Meritor by 4.1% in the second quarter. Aperio Group LLC now owns 43,462 shares of the auto parts company’s stock worth $722,000 after purchasing an additional 1,700 shares in the last quarter. Strs Ohio increased its stake in shares of Meritor by 6.2% in the second quarter. Strs Ohio now owns 60,200 shares of the auto parts company’s stock worth $999,000 after purchasing an additional 3,500 shares in the last quarter. Sei Investments Co. increased its stake in shares of Meritor by 8.4% in the second quarter. Sei Investments Co. now owns 205,987 shares of the auto parts company’s stock worth $3,422,000 after purchasing an additional 15,916 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Meritor by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 594,077 shares of the auto parts company’s stock worth $9,868,000 after purchasing an additional 41,624 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Meritor in the second quarter worth $758,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective (up previously from $25.00) on shares of Meritor in a research report on Tuesday, September 12th. Longbow Research restated a “buy” rating and set a $28.00 price objective (up previously from $22.00) on shares of Meritor in a research report on Tuesday, September 19th. Barclays restated an “equal weight” rating and set a $21.00 price objective (up previously from $17.00) on shares of Meritor in a research report on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and issued a $37.00 price target (up from $23.00) on shares of Meritor in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of Meritor from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Meritor has a consensus rating of “Buy” and a consensus target price of $26.14.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/12/17/traders-buy-high-volume-of-meritor-put-options-mtor.html.

About Meritor

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.

Receive News & Ratings for Meritor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor and related companies with MarketBeat.com's FREE daily email newsletter.