Meritor, Inc. (MTOR) SVP Chris Villavarayan Sells 4,000 Shares

Meritor, Inc. (NYSE:MTOR) SVP Chris Villavarayan sold 4,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.53, for a total value of $94,120.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Chris Villavarayan also recently made the following trade(s):

  • On Monday, December 4th, Chris Villavarayan sold 14,053 shares of Meritor stock. The stock was sold at an average price of $24.64, for a total value of $346,265.92.

Shares of Meritor, Inc. (MTOR) traded up $0.41 on Friday, reaching $23.08. The company had a trading volume of 2,345,898 shares, compared to its average volume of 1,492,095. The stock has a market cap of $2,008.19, a PE ratio of 12.19 and a beta of 2.28. 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, Inc. has a twelve month low of $12.38 and a twelve month high of $27.96.

Meritor (NYSE:MTOR) last issued its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. research analysts predict that Meritor, Inc. will post 2.43 earnings per share for the current year.

MTOR has been the subject of several research reports. Royal Bank of Canada reiterated a “buy” rating and set 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 stock a “hold” rating in a research note on Friday, October 20th. Piper Jaffray Companies upgraded Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Friday, December 8th. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 price target (up previously from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co increased their price target on Meritor from $19.00 to $21.50 and gave the stock a “neutral” rating in a research note on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.14.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its holdings in Meritor by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 596 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Meritor by 21.2% during the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after purchasing an additional 1,491 shares in the last quarter. Amalgamated Bank lifted its holdings in Meritor by 2.7% during the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after purchasing an additional 281 shares in the last quarter. Blue Rock Advisors LLC purchased a new stake in Meritor during the 2nd quarter worth about $204,000. Finally, Meeder Asset Management Inc. lifted its holdings in Meritor by 123.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after purchasing an additional 4,611 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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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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