Meritor Sees Unusually Large Options Volume (MTOR)

Meritor Inc (NYSE:MTOR) saw unusually large options trading on Friday. Investors bought 9,070 put options on the company. This represents an increase of approximately 1,682% compared to the average daily volume of 509 put options.

Several equities analysts recently commented on the company. BidaskClub upgraded Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. KeyCorp restated a “buy” rating and set a $37.00 target price (up previously from $23.00) on shares of Meritor in a research report on Tuesday, September 19th. Longbow Research restated a “buy” rating and set a $28.00 target price (up previously from $22.00) on shares of Meritor in a research report on Tuesday, September 19th. Finally, UBS Group raised their target price on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Meritor presently has a consensus rating of “Buy” and a consensus price target of $26.14.

In related news, SVP Chris Villavarayan sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.53, for a total transaction of $94,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Bialy sold 2,191 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $24.64, for a total value of $53,986.24. The disclosure for this sale can be found here. Insiders sold a total of 146,290 shares of company stock valued at $3,549,231 in the last quarter. Corporate insiders own 2.32% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Rothschild Asset Management Inc. acquired a new stake in Meritor during the 3rd quarter valued at $37,927,000. BlackRock Inc. increased its holdings in Meritor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock valued at $101,865,000 after purchasing an additional 141,587 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA acquired a new stake in Meritor during the 3rd quarter valued at $1,135,000. Piedmont Investment Advisors LLC acquired a new stake in Meritor during the 2nd quarter valued at $1,452,000. Finally, Royal Bank of Canada increased its holdings in Meritor by 32.3% during the 2nd quarter. Royal Bank of Canada now owns 123,546 shares of the auto parts company’s stock valued at $2,053,000 after purchasing an additional 30,194 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Meritor (MTOR) opened at $24.52 on Monday. Meritor has a twelve month low of $13.34 and a twelve month high of $27.96. The firm has a market capitalization of $2,186.77, a price-to-earnings ratio of 6.91 and a beta of 2.29. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 2.55.

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. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The firm had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 26.6% on a year-over-year basis. equities analysts anticipate that Meritor will post 2.43 earnings per share for the current fiscal year.

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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.

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