Stifel Nicolaus set a $32.00 price objective on Meritor (NYSE:MTOR) in a research report report published on Friday. The brokerage currently has a buy rating on the auto parts company’s stock.

Other equities research analysts also recently issued reports about the company. Buckingham Research upped their target price on Meritor from $30.00 to $33.00 and gave the company a buy rating in a report on Thursday, February 1st. Piper Jaffray Companies reaffirmed a buy rating and set a $35.00 target price on shares of Meritor in a report on Wednesday, January 31st. Zacks Investment Research raised Meritor from a hold rating to a buy rating and set a $27.00 price target on the stock in a research report on Wednesday, January 31st. Longbow Research raised Meritor from a neutral rating to a buy rating in a research report on Wednesday, January 24th. Finally, Barclays upped their price target on Meritor from $25.00 to $27.00 and gave the company an equal weight rating in a research report on Thursday, February 1st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $28.95.

Shares of Meritor (NYSE:MTOR) opened at $26.33 on Friday. Meritor has a fifty-two week low of $14.97 and a fifty-two week high of $29.54. The company has a market capitalization of $2,348.23, a price-to-earnings ratio of 11.81 and a beta of 2.45. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 2.86.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.46 by $0.16. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The business had revenue of $903.00 million during the quarter, compared to the consensus estimate of $836.28 million. During the same period in the prior year, the business posted $0.25 earnings per share. Meritor’s revenue was up 29.2% compared to the same quarter last year. sell-side analysts anticipate that Meritor will post 2.7 EPS for the current year.

In related news, CEO Jeffrey A. Craig sold 22,368 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $23.38, for a total transaction of $522,963.84. Following the transaction, the chief executive officer now directly owns 477,310 shares of the company’s stock, valued at $11,159,507.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Craig sold 50,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $29.12, for a total value of $1,456,000.00. Following the transaction, the chief executive officer now directly owns 427,310 shares in the company, valued at $12,443,267.20. The disclosure for this sale can be found here. Insiders have sold 214,290 shares of company stock worth $5,520,211 over the last three months. 2.32% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of MTOR. Rothschild Asset Management Inc. acquired a new position in Meritor in the 3rd quarter worth about $37,927,000. Hennessy Advisors Inc. increased its position in Meritor by 480.4% in the 4th quarter. Hennessy Advisors Inc. now owns 1,415,600 shares of the auto parts company’s stock worth $33,210,000 after purchasing an additional 1,171,700 shares during the last quarter. Russell Investments Group Ltd. increased its position in Meritor by 340.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock worth $21,218,000 after purchasing an additional 630,702 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Meritor in the 3rd quarter worth about $16,311,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Meritor in the 3rd quarter worth about $13,493,000. 97.46% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Meritor (NYSE:MTOR)

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