New York State Teachers Retirement System boosted its position in Meritor, Inc. (NYSE:MTOR) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,300 shares of the auto parts company’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in Meritor were worth $125,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Meritor during the first quarter worth approximately $116,000. Bank of Montreal Can increased its stake in Meritor by 2.6% in the first quarter. Bank of Montreal Can now owns 11,426 shares of the auto parts company’s stock worth $196,000 after buying an additional 289 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Meritor during the first quarter worth approximately $238,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in Meritor during the first quarter worth approximately $365,000. Finally, SG Americas Securities LLC increased its stake in shares of Meritor by 170.6% in the first quarter. SG Americas Securities LLC now owns 22,085 shares of the auto parts company’s stock worth $378,000 after buying an additional 13,923 shares during the period. Institutional investors own 93.72% of the company’s stock.
Meritor, Inc. (MTOR) traded down 0.38% on Friday, hitting $18.59. The stock had a trading volume of 1,080,553 shares. The firm’s 50 day moving average price is $17.51 and its 200-day moving average price is $16.60. Meritor, Inc. has a 12 month low of $9.84 and a 12 month high of $19.61. The stock has a market cap of $1.65 billion, a PE ratio of 3.02 and a beta of 2.22.
Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.20. The firm had revenue of $920 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 revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. On average, analysts forecast that Meritor, Inc. will post $1.69 EPS for the current year.
MTOR has been the topic of a number of recent research reports. BidaskClub upgraded Meritor from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded Meritor from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 25th. UBS AG restated a “neutral” rating and set a $19.00 price objective (up from $18.00) on shares of Meritor in a research report on Thursday, August 3rd. ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Barclays PLC upped their price objective on Meritor from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $19.57.
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 of the company’s stock, valued at approximately $576,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.87% of the stock is currently owned by insiders.
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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