Meritor, Inc. (MTOR) Holdings Lifted by Castleark Management LLC

Castleark Management LLC raised its holdings in Meritor, Inc. (NYSE:MTOR) by 32.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 630,381 shares of the auto parts company’s stock after acquiring an additional 153,455 shares during the period. Castleark Management LLC owned approximately 0.71% of Meritor worth $14,789,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MTOR. UBS Asset Management Americas Inc. grew its position in shares of 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 during the last quarter. American International Group Inc. raised its stake in Meritor by 8.1% during 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 buying an additional 4,200 shares during the last quarter. LPL Financial LLC raised its stake in Meritor by 6.1% during the fourth quarter. LPL Financial LLC now owns 81,225 shares of the auto parts company’s stock valued at $1,906,000 after buying an additional 4,686 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in Meritor by 2.4% during 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 buying an additional 4,900 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of 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 purchasing an additional 5,000 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CEO Jeffrey A. Craig sold 50,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 427,310 shares of the company’s stock, valued at $12,443,267.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joseph A. Plomin sold 15,826 shares of the business’s 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. In the last ninety days, insiders have sold 238,826 shares of company stock worth $6,439,309. Corporate insiders own 2.32% of the company’s stock.

MTOR stock traded down $1.01 during midday trading on Friday, reaching $20.22. The stock had a trading volume of 664,555 shares, compared to its average volume of 1,114,327. 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. The firm has a market capitalization of $1,803.32, a price-to-earnings ratio of 10.76 and a beta of 2.57.

Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $836.28 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 29.2% on a year-over-year basis. equities research analysts expect that Meritor, Inc. will post 2.71 earnings per share for the current year.

MTOR has been the subject of a number of research analyst reports. ValuEngine lowered Meritor from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Buckingham Research boosted their price target on Meritor from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a report on Friday. Piper Jaffray set a $35.00 price objective on Meritor and gave the company a “buy” rating in a research report on Tuesday, March 13th. Finally, Longbow Research upgraded Meritor from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average 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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