Meritor, Inc. (MTOR) Position Increased by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its holdings in shares of Meritor, Inc. (NYSE:MTOR) by 340.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 815,739 shares of the auto parts company’s stock after purchasing an additional 630,702 shares during the quarter. Russell Investments Group Ltd. owned about 0.92% of Meritor worth $21,218,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its position in shares of Meritor by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 596 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Meritor by 1.4% in the 1st quarter. New York State Teachers Retirement System now owns 7,300 shares of the auto parts company’s stock worth $125,000 after buying an additional 100 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Meritor by 21.2% in the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after buying an additional 1,491 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Meritor by 2.7% in the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after buying an additional 281 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Meritor in the 2nd quarter worth approximately $186,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Meritor, Inc. (NYSE MTOR) traded up $0.23 during midday trading on Monday, hitting $24.26. The stock had a trading volume of 645,600 shares, compared to its average volume of 1,187,220. The firm has a market cap of $2,150.00, a PE ratio of 13.04 and a beta of 2.34. Meritor, Inc. has a one year low of $12.22 and a one year high of $27.96. 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 released its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The company had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. equities research analysts forecast that Meritor, Inc. will post 2.4 earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus set a $25.00 price target on Meritor and gave the company a “buy” rating in a report on Wednesday, August 2nd. BidaskClub raised Meritor from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. KeyCorp reaffirmed a “buy” rating and set a $23.00 price target on shares of Meritor in a report on Friday, September 8th. Buckingham Research assumed coverage on Meritor in a report on Tuesday, September 5th. They set a “buy” rating and a $25.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $23.00 price target on shares of Meritor in a report on Monday, September 4th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.75.
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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