Meritor, Inc. (MTOR) SVP Sells $80,612.16 in Stock
Meritor, Inc. (NYSE:MTOR) SVP Robert H. Speed sold 4,192 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the sale, the senior vice president now owns 30,000 shares in the company, valued at approximately $576,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Meritor, Inc. (MTOR) traded down 2.76% during midday trading on Thursday, reaching $18.66. 1,135,889 shares of the company traded hands. The company has a market capitalization of $1.65 billion, a PE ratio of 3.03 and a beta of 2.22. The company has a 50 day moving average price of $17.33 and a 200 day moving average price of $16.55. Meritor, Inc. has a 1-year low of $9.84 and a 1-year high of $19.61.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.20. The firm had revenue of $920 million for the quarter, compared to the consensus estimate of $846.19 million. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, analysts expect that Meritor, Inc. will post $1.69 earnings per share for the current year.
A number of research firms have recently commented on MTOR. BidaskClub upgraded shares of Meritor from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, July 25th. UBS AG reiterated a “neutral” rating and set a $19.00 price target (up previously from $18.00) on shares of Meritor in a report on Thursday, August 3rd. Stifel Nicolaus set a $25.00 price target on shares of Meritor and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $19.57.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Meritor by 22,259.3% in the first quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock worth $102,629,000 after buying an additional 5,964,374 shares in the last quarter. SG Capital Management LLC bought a new position in Meritor during the second quarter worth $15,727,000. Teachers Advisors LLC boosted its position in Meritor by 530.2% in the first quarter. Teachers Advisors LLC now owns 900,676 shares of the auto parts company’s stock worth $15,429,000 after buying an additional 757,767 shares in the last quarter. Vanguard Group Inc. boosted its position in Meritor by 7.2% in the first quarter. Vanguard Group Inc. now owns 11,154,890 shares of the auto parts company’s stock worth $191,083,000 after buying an additional 749,068 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in Meritor by 108.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,151,730 shares of the auto parts company’s stock worth $19,130,000 after buying an additional 599,136 shares in the last quarter. Institutional investors own 93.72% of the company’s stock.
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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