Meritor Inc (NYSE:MTOR) CAO Paul Bialy Sells 3,465 Shares of Stock

Meritor Inc (NYSE:MTOR) CAO Paul Bialy sold 3,465 shares of Meritor stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $24.73, for a total value of $85,689.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:MTOR opened at $23.65 on Wednesday. Meritor Inc has a one year low of $15.03 and a one year high of $25.90. The business has a fifty day moving average price of $23.31 and a 200-day moving average price of $21.21. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 6.19 and a beta of 2.28. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 0.74.

Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 13th. The auto parts company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Meritor had a return on equity of 78.25% and a net margin of 6.63%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Meritor’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts expect that Meritor Inc will post 2.82 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY increased its holdings in shares of Meritor by 5.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 26,238 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 1,374 shares in the last quarter. Virtu Financial LLC lifted its stake in Meritor by 7.9% in the third quarter. Virtu Financial LLC now owns 10,268 shares of the auto parts company’s stock valued at $190,000 after buying an additional 756 shares in the last quarter. State Street Corp boosted its holdings in shares of Meritor by 0.5% in the third quarter. State Street Corp now owns 1,680,037 shares of the auto parts company’s stock valued at $31,081,000 after buying an additional 8,960 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Meritor by 77.0% in the third quarter. Tower Research Capital LLC TRC now owns 15,376 shares of the auto parts company’s stock valued at $284,000 after buying an additional 6,689 shares during the period. Finally, Huntington National Bank increased its position in shares of Meritor by 214,000.0% during the third quarter. Huntington National Bank now owns 2,141 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 2,140 shares in the last quarter.

MTOR has been the topic of a number of recent research reports. Buckingham Research lowered their target price on Meritor from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Citigroup dropped their target price on Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, August 26th. ValuEngine upgraded Meritor from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 19th. Barclays reduced their price target on shares of Meritor from $21.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Finally, UBS Group lowered their price objective on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Meritor currently has an average rating of “Hold” and an average price target of $23.80.

Meritor Company Profile

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck; and Aftermarket, Industrial and Trailer.

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Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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