Rodger L. Boehm Purchases 2,000 Shares of Meritor Inc (MTOR) Stock

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Meritor Inc (NYSE:MTOR) Director Rodger L. Boehm purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of $21.00 per share, for a total transaction of $42,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:MTOR traded down $0.47 on Friday, hitting $20.48. The stock had a trading volume of 381,498 shares, compared to its average volume of 929,278. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.15 and a quick ratio of 0.68. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 6.76 and a beta of 2.15. Meritor Inc has a 1-year low of $15.01 and a 1-year high of $25.78.

Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, May 1st. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.11 billion. Meritor had a net margin of 5.86% and a return on equity of 89.66%. Meritor’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. As a group, equities analysts anticipate that Meritor Inc will post 3.54 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of MTOR. Quantamental Technologies LLC raised its stake in shares of Meritor by 84.1% in the 1st quarter. Quantamental Technologies LLC now owns 2,629 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,201 shares during the period. PNC Financial Services Group Inc. increased its stake in Meritor by 645.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,630 shares of the auto parts company’s stock worth $54,000 after buying an additional 2,277 shares during the period. Investors Research Corp purchased a new stake in Meritor during the 1st quarter worth approximately $60,000. Advisor Group Inc. increased its stake in Meritor by 22.2% during the 1st quarter. Advisor Group Inc. now owns 3,013 shares of the auto parts company’s stock worth $61,000 after buying an additional 548 shares during the period. Finally, Strs Ohio increased its stake in Meritor by 146.2% during the 4th quarter. Strs Ohio now owns 3,200 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,900 shares during the period. Institutional investors own 92.63% of the company’s stock.

MTOR has been the topic of a number of recent research reports. Royal Bank of Canada lowered shares of Meritor from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $18.00 to $19.00 in a research report on Wednesday, January 23rd. Barclays restated a “hold” rating and set a $21.00 price target on shares of Meritor in a research report on Sunday, March 31st. Longbow Research lowered shares of Meritor from a “buy” rating to a “neutral” rating and set a $23.42 price target on the stock. in a research report on Monday, May 6th. Stifel Nicolaus set a $29.00 price target on shares of Meritor and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research lowered shares of Meritor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Meritor presently has an average rating of “Hold” and a consensus price target of $25.63.

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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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