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.
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.
TRADEMARK VIOLATION WARNING: This article was first reported by Week Herald and is the property of of Week Herald. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://weekherald.com/2019/05/17/rodger-l-boehm-purchases-2000-shares-of-meritor-inc-mtor-stock.html.
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.
Recommended Story: What are gap-up stocks?
Receive News & Ratings for Meritor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor and related companies with MarketBeat.com's FREE daily email newsletter.