Castleark Management LLC increased its holdings in Meritor Inc (NYSE:MTOR) by 32.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,381 shares of the auto parts company’s stock after buying an additional 153,455 shares during the quarter. Castleark Management LLC owned about 0.71% of Meritor worth $14,789,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. UBS Asset Management Americas Inc. grew its holdings in Meritor by 6.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 70,233 shares of the auto parts company’s stock worth $1,648,000 after buying an additional 4,125 shares in the last quarter. American International Group Inc. grew its holdings in Meritor by 8.1% in the 3rd quarter. American International Group Inc. now owns 56,176 shares of the auto parts company’s stock worth $1,461,000 after buying an additional 4,200 shares in the last quarter. LPL Financial LLC grew its holdings in Meritor by 6.1% in the 4th quarter. LPL Financial LLC now owns 81,225 shares of the auto parts company’s stock worth $1,906,000 after buying an additional 4,686 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in Meritor by 2.4% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 208,439 shares of the auto parts company’s stock worth $4,889,000 after buying an additional 4,900 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Meritor by 3.6% in the 4th quarter. Swiss National Bank now owns 145,600 shares of the auto parts company’s stock worth $3,416,000 after buying an additional 5,000 shares in the last quarter. 93.65% of the stock is owned by institutional investors and hedge funds.
Meritor Inc (MTOR) opened at $22.21 on Friday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.69 and a current ratio of 1.17. The stock has a market capitalization of $2,012.90, a price-to-earnings ratio of 7.48 and a beta of 2.48. Meritor Inc has a one year low of $14.97 and a one year high of $29.54.
Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.16. The firm had revenue of $903.00 million during the quarter, compared to analyst estimates 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 period last year, the company posted $0.25 EPS. equities research analysts predict that Meritor Inc will post 2.7 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Barclays increased their price objective on Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Buckingham Research increased their price objective on Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus increased their price objective on Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 price objective on shares of Meritor in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Meritor presently has an average rating of “Buy” and a consensus target price of $28.95.
In other Meritor news, SVP Chris Villavarayan sold 18,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $28.61, for a total transaction of $514,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph A. Plomin sold 15,826 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $25.64, for a total value of $405,778.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 238,826 shares of company stock valued at $6,439,309. 2.32% of the stock is currently owned by corporate insiders.
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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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