Meritor, Inc. (NYSE:MTOR) Shares Bought by PEAK6 Investments L.P.

PEAK6 Investments L.P. boosted its holdings in shares of Meritor, Inc. (NYSE:MTOR) by 114.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,380 shares of the auto parts company’s stock after purchasing an additional 18,325 shares during the quarter. PEAK6 Investments L.P.’s holdings in Meritor were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. raised its stake in Meritor by 6.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 70,233 shares of the auto parts company’s stock valued at $1,648,000 after purchasing an additional 4,125 shares in the last quarter. American International Group Inc. raised its stake in shares of Meritor by 8.1% in the third quarter. American International Group Inc. now owns 56,176 shares of the auto parts company’s stock valued at $1,461,000 after acquiring an additional 4,200 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Meritor by 2.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 208,439 shares of the auto parts company’s stock valued at $4,889,000 after acquiring an additional 4,900 shares during the period. Swiss National Bank raised its stake in shares of Meritor by 3.6% in the fourth quarter. Swiss National Bank now owns 145,600 shares of the auto parts company’s stock valued at $3,416,000 after acquiring an additional 5,000 shares during the period. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Meritor by 8.9% in the third quarter. Virginia Retirement Systems ET AL now owns 64,700 shares of the auto parts company’s stock valued at $1,683,000 after acquiring an additional 5,300 shares during the period. 93.48% of the stock is currently owned by institutional investors.

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In related news, CEO Jeffrey A. Craig sold 50,000 shares of Meritor 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 sale, the chief executive officer now owns 427,310 shares of the company’s stock, valued at approximately $12,443,267.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph A. Plomin sold 15,826 shares of Meritor stock in a transaction on Monday, February 26th. The shares were sold at an average price of $25.64, for a total transaction 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. Insiders own 2.32% of the company’s stock.

MTOR opened at $20.22 on Friday. Meritor, Inc. has a 12-month low of $14.97 and a 12-month high of $29.54. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 2.86. The company has a market cap of $1,833.63, a price-to-earnings ratio of 10.76 and a beta of 2.57.

Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The company had revenue of $903.00 million during the quarter, compared to analyst estimates of $836.28 million. Meritor had a net margin of 7.69% and a return on equity of 208.74%. Meritor’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. analysts expect that Meritor, Inc. will post 2.71 EPS for the current year.

Several brokerages have recently weighed in on MTOR. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Barclays raised their price target on shares of Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Buckingham Research raised their price target on shares of Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Stifel Nicolaus raised their price target on shares of Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Piper Jaffray reiterated a “buy” rating and set a $35.00 target price on shares of Meritor in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.95.

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About Meritor

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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