SG Americas Securities LLC boosted its stake in Meritor Inc (NYSE:MTOR) by 388.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,166 shares of the auto parts company’s stock after buying an additional 28,757 shares during the period. SG Americas Securities LLC’s holdings in Meritor were worth $848,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Rothschild Asset Management Inc. purchased a new stake in Meritor in the third quarter worth about $37,927,000. Rosenblum Silverman Sutton S F Inc. CA purchased a new stake in Meritor in the third quarter worth about $1,135,000. Hennessy Advisors Inc. lifted its holdings in Meritor by 480.4% in the fourth quarter. Hennessy Advisors Inc. now owns 1,415,600 shares of the auto parts company’s stock worth $33,210,000 after buying an additional 1,171,700 shares during the period. Royal Bank of Canada lifted its holdings in Meritor by 32.3% in the second quarter. Royal Bank of Canada now owns 123,546 shares of the auto parts company’s stock worth $2,053,000 after buying an additional 30,194 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Meritor in the third quarter worth about $13,493,000. Institutional investors and hedge funds own 97.46% of the company’s stock.
Several analysts have commented on the stock. Barclays raised their price objective on shares of Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Stifel Nicolaus raised their price objective on shares of Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Buckingham Research raised their price objective on shares of Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Meritor in a report on Wednesday, January 31st. Four research 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. The company has an average rating of “Buy” and an average target price of $28.95.
Meritor Inc (MTOR) opened at $25.68 on Friday. Meritor Inc has a 1-year low of $14.97 and a 1-year high of $29.54. The stock has a market cap of $2,290.27, a P/E ratio of 11.52 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 released its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.16. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $836.28 million. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue was up 29.2% on a year-over-year basis. sell-side analysts predict that Meritor Inc will post 2.7 EPS for the current fiscal year.
In other news, CEO Jeffrey A. Craig sold 50,000 shares of Meritor stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.12, for a total transaction of $1,456,000.00. Following the completion of the transaction, the chief executive officer now directly owns 427,310 shares in the company, valued at $12,443,267.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Chris Villavarayan sold 14,053 shares of Meritor stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.64, for a total transaction of $346,265.92. The disclosure for this sale can be found here. Insiders have sold 214,290 shares of company stock valued at $5,520,211 over the last quarter. Company insiders own 2.32% of the company’s stock.
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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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