Quantitative Investment Management LLC cut its stake in shares of Meritor Inc (NYSE:MTOR) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,800 shares of the auto parts company’s stock after selling 23,100 shares during the quarter. Quantitative Investment Management LLC owned about 0.07% of Meritor worth $1,567,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of Meritor during the fourth quarter valued at $136,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Meritor during the third quarter valued at $232,000. AMP Capital Investors Ltd bought a new position in shares of Meritor during the third quarter valued at $232,000. Barings LLC bought a new stake in Meritor in the 3rd quarter worth about $273,000. Finally, Caxton Associates LP bought a new stake in Meritor in the 3rd quarter worth about $297,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.
In other Meritor news, SVP Chris Villavarayan sold 18,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $28.61, for a total value of $514,980.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joseph A. Plomin sold 15,826 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $25.64, for a total value of $405,778.64. The disclosure for this sale can be found here. Insiders sold 238,826 shares of company stock worth $6,439,309 over the last three months. Insiders own 2.32% of the company’s stock.
Meritor Inc (NYSE:MTOR) opened at $21.83 on Tuesday. The stock has a market capitalization of $1,980.79, a PE ratio of 9.96 and a beta of 2.48. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69. Meritor Inc has a 12-month low of $14.97 and a 12-month high of $29.54.
Meritor (NYSE:MTOR) last announced its 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 analysts’ expectations of $836.28 million. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. equities analysts anticipate that Meritor Inc will post 2.71 EPS for the current fiscal year.
Several equities research analysts recently commented on MTOR shares. Piper Jaffray Companies upgraded Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Friday, December 8th. Zacks Investment Research upgraded Meritor from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 31st. Barclays lifted their price objective on Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Longbow Research upgraded Meritor from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.95.
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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