Trexquant Investment LP Trims Holdings in Meritor, Inc. (MTOR)

Trexquant Investment LP cut its holdings in shares of Meritor, Inc. (NYSE:MTOR) by 53.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,826 shares of the auto parts company’s stock after selling 61,715 shares during the quarter. Trexquant Investment LP owned 0.06% of Meritor worth $1,086,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Meritor in the 4th quarter valued at $136,000. New York State Teachers Retirement System acquired a new stake in shares of Meritor in the 1st quarter valued at $154,000. Sciencast Management LP acquired a new stake in shares of Meritor in the 4th quarter valued at $318,000. Parametrica Management Ltd acquired a new stake in shares of Meritor in the 4th quarter valued at $356,000. Finally, Caxton Associates LP raised its holdings in shares of Meritor by 47.7% in the 4th quarter. Caxton Associates LP now owns 16,843 shares of the auto parts company’s stock valued at $395,000 after purchasing an additional 5,443 shares in the last quarter. Institutional investors own 97.85% of the company’s stock.

In related news, CEO Jeffrey A. Craig sold 155,000 shares of Meritor stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.21, for a total transaction of $4,062,550.00. Following the sale, the chief executive officer now directly owns 425,310 shares in the company, valued at approximately $11,147,375.10. The sale was disclosed in a document filed 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 stock was 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. 2.32% of the stock is owned by company insiders.

Shares of NYSE:MTOR opened at $21.11 on Tuesday. Meritor, Inc. has a 12 month low of $21.00 and a 12 month high of $21.35. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 2.34. The firm has a market cap of $1.84 billion, a P/E ratio of 11.23 and a beta of 2.55.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Thursday, May 3rd. The auto parts company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.10. Meritor had a net margin of 8.08% and a return on equity of 115.74%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $974.09 million. During the same period last year, the business earned $0.35 EPS. Meritor’s revenue for the quarter was up 32.3% compared to the same quarter last year. equities analysts expect that Meritor, Inc. will post 2.78 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Meritor from $25.00 to $27.00 and gave the company 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 company 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 company 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 set a $35.00 price objective on shares of Meritor and gave the company a “buy” rating in a report on Tuesday, March 13th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $28.41.

Meritor Profile

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.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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