Insider Selling: Meritor Inc (MTOR) CEO Sells 155,000 Shares of Stock

Meritor Inc (NYSE:MTOR) CEO Jeffrey A. Craig sold 155,000 shares of Meritor stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.21, for a total value of $4,062,550.00. Following the transaction, the chief executive officer now directly owns 425,310 shares in the company, valued at $11,147,375.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jeffrey A. Craig also recently made the following trade(s):

  • On Monday, December 4th, Jeffrey A. Craig sold 67,005 shares of Meritor stock. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15.

Shares of Meritor Inc (NYSE MTOR) traded up $0.09 on Tuesday, reaching $25.77. The company had a trading volume of 1,354,184 shares, compared to its average volume of 1,457,484. The company has a market cap of $2,290.00, a P/E ratio of 6.52 and a beta of 2.45. Meritor Inc has a 52 week low of $14.97 and a 52 week high of $29.54. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69.

Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.16. The company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $836.28 million. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. equities research analysts predict that Meritor Inc will post 2.7 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in Meritor by 8.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,304,885 shares of the auto parts company’s stock worth $54,072,000 after acquiring an additional 182,490 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Meritor by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,188,730 shares of the auto parts company’s stock worth $57,345,000 after acquiring an additional 476,424 shares during the last quarter. State Street Corp increased its stake in Meritor by 4.2% in the 2nd quarter. State Street Corp now owns 1,873,790 shares of the auto parts company’s stock worth $31,123,000 after acquiring an additional 74,896 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in Meritor by 1.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,842,852 shares of the auto parts company’s stock worth $47,933,000 after acquiring an additional 25,979 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Meritor by 16.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,630,700 shares of the auto parts company’s stock worth $38,256,000 after acquiring an additional 227,800 shares during the last quarter. 92.91% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on MTOR shares. Longbow Research raised Meritor from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Buckingham Research lifted their price objective on Meritor from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price objective on Meritor from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 price objective on shares of Meritor in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.95.

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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.

Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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