LSV Asset Management decreased its position in Meritor Inc (NYSE:MTOR) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,713,975 shares of the auto parts company’s stock after selling 21,500 shares during the quarter. LSV Asset Management owned approximately 0.05% of Meritor worth $91,262,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Meritor by 23.4% in the 2nd quarter. FMR LLC now owns 613,046 shares of the auto parts company’s stock worth $12,610,000 after acquiring an additional 116,346 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Meritor in the 2nd quarter worth about $252,000. Cortina Asset Management LLC boosted its holdings in shares of Meritor by 101.8% in the 2nd quarter. Cortina Asset Management LLC now owns 277,956 shares of the auto parts company’s stock worth $5,718,000 after buying an additional 140,209 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Meritor in the 2nd quarter worth about $1,572,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Meritor by 15.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,038,845 shares of the auto parts company’s stock worth $21,370,000 after buying an additional 141,962 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.
A number of equities analysts recently weighed in on MTOR shares. Piper Jaffray Companies set a $37.00 price target on shares of Meritor and gave the stock a “buy” rating in a report on Friday, September 14th. Zacks Investment Research downgraded shares of Meritor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine raised shares of Meritor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Barclays boosted their price target on shares of Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. Finally, TheStreet raised shares of Meritor from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Meritor currently has an average rating of “Hold” and an average price target of $28.43.
Shares of NYSE:MTOR opened at $16.45 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $1.45 billion, a P/E ratio of 5.43 and a beta of 2.53. Meritor Inc has a fifty-two week low of $15.01 and a fifty-two week high of $29.54.
Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, November 14th. The auto parts company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Meritor had a net margin of 8.06% and a return on equity of 88.32%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. On average, analysts expect that Meritor Inc will post 3.1 EPS for the current year.
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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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