Meritor, Inc. (MTOR) SVP Sells $438,608.16 in Stock

Meritor, Inc. (NYSE:MTOR) SVP Timothy J. Heffron sold 18,696 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $23.46, for a total transaction of $438,608.16. Following the transaction, the senior vice president now directly owns 31,741 shares in the company, valued at approximately $744,643.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Meritor, Inc. (NYSE:MTOR) traded up $0.57 on Monday, reaching $24.01. 1,854,400 shares of the company were exchanged, compared to its average volume of 1,206,068. The firm has a market cap of $2,130.00, a price-to-earnings ratio of 12.91 and a beta of 2.28. Meritor, Inc. has a 1-year low of $12.38 and a 1-year high of $27.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.78 and a current ratio of 1.10.

Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.15. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $836.39 million. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. analysts forecast that Meritor, Inc. will post 2.4 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTOR. Rothschild Asset Management Inc. acquired a new stake in Meritor during the 3rd quarter valued at $37,927,000. Russell Investments Group Ltd. grew its holdings in Meritor by 340.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock valued at $21,218,000 after purchasing an additional 630,702 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Meritor during the 3rd quarter valued at $16,311,000. Old Mutual Global Investors UK Ltd. boosted its stake in Meritor by 108.4% during the 2nd 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 during the 3rd quarter valued at $13,493,000. 96.20% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on MTOR. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Longbow Research lowered shares of Meritor from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Barclays set a $22.00 price objective on shares of Meritor and gave the stock a “hold” rating in a research report on Friday, October 20th. UBS increased their price objective on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada dropped their price objective on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.14.

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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.

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

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