Fuller & Thaler Asset Management Inc. Buys Shares of 518,750 Meritor, Inc. (MTOR)
Fuller & Thaler Asset Management Inc. purchased a new position in Meritor, Inc. (NYSE:MTOR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 518,750 shares of the auto parts company’s stock, valued at approximately $13,493,000. Fuller & Thaler Asset Management Inc. owned approximately 0.59% of Meritor at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Meritor by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 11,602,537 shares of the auto parts company’s stock worth $192,718,000 after acquiring an additional 447,647 shares in the last quarter. BlackRock Inc. increased its stake in shares of Meritor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock worth $101,865,000 after acquiring an additional 141,587 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Meritor by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,664,753 shares of the auto parts company’s stock worth $60,871,000 after acquiring an additional 94,158 shares in the last quarter. State Street Corp increased its stake in shares of Meritor by 4.2% in the 2nd quarter. State Street Corp now owns 1,873,790 shares of the auto parts company’s stock worth $31,123,000 after acquiring an additional 74,896 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Meritor by 1.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,842,852 shares of the auto parts company’s stock worth $47,933,000 after acquiring an additional 25,979 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.
Shares of Meritor, Inc. (NYSE MTOR) traded down $0.07 during mid-day trading on Thursday, hitting $24.03. 966,700 shares of the stock were exchanged, compared to its average volume of 1,189,616. Meritor, Inc. has a 52-week low of $12.22 and a 52-week high of $27.96. The company has a market capitalization of $2,134.86, a price-to-earnings ratio of 12.96 and a beta of 2.34. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The firm had revenue of $922.00 million during the quarter, compared to analyst estimates of $836.39 million. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. sell-side analysts forecast that Meritor, Inc. will post 2.4 EPS for the current year.
A number of analysts have weighed in on MTOR shares. Stifel Nicolaus set a $25.00 price objective on shares of Meritor and gave the company a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Zacks Investment Research lowered shares of Meritor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. UBS Group AG restated a “neutral” rating and set a $19.00 price objective (up from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Finally, KeyCorp restated a “buy” rating and set a $37.00 price objective (up from $23.00) on shares of Meritor in a research note on Tuesday, September 19th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Meritor presently has an average rating of “Buy” and a consensus price target of $25.75.
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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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