Meritor, Inc. (MTOR) VP Paul Bialy Sells 2,191 Shares of Stock

Meritor, Inc. (NYSE:MTOR) VP Paul Bialy sold 2,191 shares of the firm’s 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 document filed with the SEC, which can be accessed through the SEC website.

Meritor, Inc. (NYSE:MTOR) traded up $0.12 on Wednesday, hitting $24.40. The stock had a trading volume of 1,009,200 shares, compared to its average volume of 1,197,490. Meritor, Inc. has a 12 month low of $12.38 and a 12 month high of $27.96. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $2,150.81, a P/E ratio of 13.05 and a beta of 2.28.

Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $836.39 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. sell-side analysts expect that Meritor, Inc. will post 2.4 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of MTOR. Rothschild Asset Management Inc. bought a new position in shares of Meritor in the third quarter worth $37,927,000. Russell Investments Group Ltd. increased its position in shares of Meritor by 340.9% in the third quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock worth $21,218,000 after purchasing an additional 630,702 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Meritor in the third quarter worth $16,311,000. Old Mutual Global Investors UK Ltd. grew its position in Meritor by 108.4% in the second 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 during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Meritor in the third quarter valued at about $13,493,000. Institutional investors own 96.20% of the company’s stock.

Several brokerages have issued reports on MTOR. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target (up previously from $25.00) on shares of Meritor in a report on Tuesday, September 12th. Longbow Research reissued a “buy” rating and set a $28.00 target price (up previously from $22.00) on shares of Meritor in a report on Tuesday, September 19th. Barclays reissued an “equal weight” rating and set a $21.00 target price (up previously from $17.00) on shares of Meritor in a report on Tuesday, September 12th. KeyCorp reissued a “buy” rating and set a $37.00 target price (up previously from $23.00) on shares of Meritor in a report on Tuesday, September 19th. Finally, BidaskClub raised Meritor from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $25.75.

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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.

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