WINTON GROUP Ltd purchased a new position in Meritor Inc (NYSE:MTOR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,539 shares of the auto parts company’s stock, valued at approximately $566,000.
A number of other large investors have also modified their holdings of MTOR. Schroder Investment Management Group acquired a new stake in Meritor in the 4th quarter worth about $136,000. New York State Teachers Retirement System purchased a new position in shares of Meritor in the 1st quarter worth about $154,000. PNC Financial Services Group Inc. raised its holdings in shares of Meritor by 4,972.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,138 shares of the auto parts company’s stock worth $269,000 after purchasing an additional 12,879 shares during the period. Point72 Asia Hong Kong Ltd raised its holdings in shares of Meritor by 299.3% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 14,534 shares of the auto parts company’s stock worth $299,000 after purchasing an additional 10,894 shares during the period. Finally, Sciencast Management LP purchased a new position in shares of Meritor in the 4th quarter worth about $318,000. 92.78% of the stock is currently owned by hedge funds and other institutional investors.
MTOR has been the topic of a number of research reports. ValuEngine downgraded Meritor from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus set a $27.00 price objective on Meritor and gave the stock a “buy” rating in a report on Friday, May 4th. Zacks Investment Research downgraded Meritor from a “strong-buy” rating to a “hold” rating in a report on Friday, April 6th. Piper Jaffray Companies set a $35.00 price objective on Meritor and gave the stock a “buy” rating in a report on Tuesday, March 13th. Finally, Barclays cut their price objective on Meritor from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.41.
Shares of NYSE:MTOR opened at $20.40 on Thursday. The stock has a market cap of $1.79 billion, a P/E ratio of 7.76 and a beta of 2.51. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 2.34. Meritor Inc has a one year low of $16.48 and a one year high of $29.54.
Meritor (NYSE:MTOR) last announced its earnings results on Thursday, May 3rd. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $974.09 million. Meritor had a return on equity of 115.74% and a net margin of 8.08%. The company’s revenue was up 32.3% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. equities analysts forecast that Meritor Inc will post 2.81 earnings per share for the current year.
Meritor Company 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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