SG Americas Securities LLC increased its holdings in shares of Meritor Inc (NYSE:MTOR) by 1,444.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,449 shares of the auto parts company’s stock after purchasing an additional 71,498 shares during the quarter. SG Americas Securities LLC’s holdings in Meritor were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Eqis Capital Management Inc. bought a new position in shares of Meritor during the second quarter valued at $203,000. Stone Ridge Asset Management LLC bought a new position in shares of Meritor during the third quarter valued at $198,000. Meeder Asset Management Inc. lifted its holdings in shares of Meritor by 559.6% during the third quarter. Meeder Asset Management Inc. now owns 11,049 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 9,374 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Meritor during the second quarter valued at $252,000. Finally, GAM Holding AG bought a new position in shares of Meritor during the second quarter valued at $253,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on MTOR shares. TheStreet raised Meritor from a “c+” rating to a “b-” rating in a report on Friday, August 24th. ValuEngine cut Meritor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 price objective on shares of Meritor in a research report on Sunday, November 18th. Barclays reiterated a “hold” rating and set a $22.00 price objective on shares of Meritor in a research report on Wednesday, October 17th. Finally, Piper Jaffray Companies set a $37.00 price objective on Meritor and gave the company a “buy” rating in a research report on Friday, September 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.17.

Meritor stock opened at $15.72 on Thursday. The firm has a market cap of $1.33 billion, a P/E ratio of 5.19 and a beta of 2.48. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.13 and a quick ratio of 0.69. Meritor Inc has a one year low of $15.01 and a one year high of $29.54.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 14th. The auto parts company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Meritor had a return on equity of 92.31% and a net margin of 2.80%. Meritor’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. As a group, research analysts anticipate that Meritor Inc will post 3.22 earnings per share for the current year.

In related news, CEO Jeffrey A. Craig sold 242,358 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $16.07, for a total transaction of $3,894,693.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy J. Heffron sold 30,043 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $16.09, for a total value of $483,391.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 333,133 shares of company stock valued at $5,355,182. 2.32% of the stock is owned by company insiders.

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About Meritor

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 & Industrial; and Aftermarket & Trailer.

See Also: Asset Allocation

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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