Meritor, Inc. (MTOR) Position Cut by Hotchkis & Wiley Capital Management LLC
Hotchkis & Wiley Capital Management LLC cut its stake in Meritor, Inc. (NYSE:MTOR) by 54.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141,132 shares of the auto parts company’s stock after selling 1,382,068 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.29% of Meritor worth $29,681,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Meritor by 2.4% during the second quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock worth $101,865,000 after purchasing an additional 141,587 shares during the period. Rosenblum Silverman Sutton S F Inc. CA acquired a new stake in shares of Meritor during the third quarter worth $1,135,000. Kennedy Capital Management Inc. raised its holdings in shares of Meritor by 12.8% during the second quarter. Kennedy Capital Management Inc. now owns 499,278 shares of the auto parts company’s stock worth $8,293,000 after purchasing an additional 56,637 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Meritor during the second quarter worth $1,232,000. Finally, Royce & Associates LP raised its holdings in shares of Meritor by 10.5% during the second quarter. Royce & Associates LP now owns 1,305,294 shares of the auto parts company’s stock worth $21,681,000 after purchasing an additional 124,500 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. UBS increased their target price on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Barclays reissued an “equal weight” rating and set a $21.00 target price (up from $17.00) on shares of Meritor in a report on Tuesday, September 12th. Buckingham Research assumed coverage on shares of Meritor in a report on Tuesday, September 5th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $25.00 target price on shares of Meritor in a report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.75.
Meritor, Inc. (NYSE:MTOR) opened at $24.79 on Friday. The company has a market cap of $2,200.00, a PE ratio of 13.43 and a beta of 2.34. 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, Inc. has a 12-month low of $12.22 and a 12-month high of $27.96.
Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the 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 company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. research analysts expect that Meritor, Inc. will post 2.4 EPS for the current fiscal year.
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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