Meritor Inc (MTOR) Holdings Raised by Caxton Associates LP
Caxton Associates LP raised its holdings in shares of Meritor Inc (NYSE:MTOR) by 47.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,843 shares of the auto parts company’s stock after purchasing an additional 5,443 shares during the quarter. Caxton Associates LP’s holdings in Meritor were worth $395,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Schroder Investment Management Group bought a new position in Meritor during the 4th quarter worth approximately $136,000. Campbell & CO Investment Adviser LLC bought a new position in Meritor during the 3rd quarter worth approximately $232,000. AMP Capital Investors Ltd bought a new position in Meritor during the 3rd quarter worth approximately $232,000. Barings LLC bought a new position in Meritor during the 3rd quarter worth approximately $273,000. Finally, Stifel Financial Corp bought a new position in Meritor during the 3rd quarter worth approximately $321,000. Hedge funds and other institutional investors own 93.65% of the company’s stock.
In related news, CEO Jeffrey A. Craig sold 155,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.21, for a total value of $4,062,550.00. Following the sale, the chief executive officer now directly owns 425,310 shares in the company, valued at approximately $11,147,375.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Chris Villavarayan sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.61, for a total value of $514,980.00. The disclosure for this sale can be found here. In the last three months, insiders sold 238,826 shares of company stock worth $6,439,309. Company insiders own 2.32% of the company’s stock.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.16. The business had revenue of $903.00 million for the quarter, compared to the consensus estimate of $836.28 million. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The business’s revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. analysts forecast that Meritor Inc will post 2.7 earnings per share for the current year.
MTOR has been the topic of a number of research analyst reports. Longbow Research raised Meritor from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Buckingham Research increased their target price on Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus increased their target price on Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Meritor in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Meritor presently has a consensus rating of “Buy” and an average target price of $28.95.
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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