Vaughan Nelson Investment Management L.P. purchased a new stake in Meritor Inc (NYSE:MTOR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 627,075 shares of the auto parts company’s stock, valued at approximately $16,311,000. Vaughan Nelson Investment Management L.P. owned approximately 0.71% of Meritor at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Meritor by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 596 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Meritor by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 7,300 shares of the auto parts company’s stock worth $125,000 after acquiring an additional 100 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of 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 acquiring an additional 1,491 shares in the last quarter. Amalgamated Bank raised its position in shares of 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 acquiring an additional 281 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Meritor during the 2nd quarter worth about $186,000. 93.76% of the stock is currently owned by institutional investors.
Shares of Meritor Inc (NYSE MTOR) traded up $0.07 during mid-day trading on Tuesday, hitting $25.96. The company’s stock had a trading volume of 1,545,400 shares, compared to its average volume of 1,157,257. Meritor Inc has a one year low of $11.34 and a one year high of $27.96. The stock has a market cap of $2,292.97, a P/E ratio of 16.39 and a beta of 2.34. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of -19.50.
Several equities research analysts have recently weighed in on MTOR shares. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 target price on shares of Meritor in a research report on Monday, September 4th. Zacks Investment Research upgraded Meritor from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 25th. Barclays PLC set a $22.00 price target on Meritor and gave the stock a “hold” rating in a research note on Friday, October 20th. UBS AG restated a “neutral” rating and set a $19.00 price target (up previously from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus restated 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. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $25.05.
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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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