Insider Selling: Meritor Inc (MTOR) VP Sells 2,697 Shares of Stock

Meritor Inc (NYSE:MTOR) VP Paul Bialy sold 2,697 shares of Meritor stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $16.06, for a total value of $43,313.82. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE MTOR opened at $15.65 on Friday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.17 and a beta of 2.48. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 2.30. Meritor Inc has a fifty-two week low of $15.01 and a fifty-two week high of $29.54.

Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, November 14th. The auto parts company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Meritor had a return on equity of 92.31% and a net margin of 2.80%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Meritor Inc will post 3.22 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Meritor by 4.1% during the 2nd quarter. BlackRock Inc. now owns 6,259,900 shares of the auto parts company’s stock worth $128,766,000 after buying an additional 246,024 shares in the last quarter. LSV Asset Management raised its holdings in shares of Meritor by 5.6% during the 2nd quarter. LSV Asset Management now owns 4,735,475 shares of the auto parts company’s stock worth $97,408,000 after buying an additional 250,544 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Meritor by 27.6% during the 3rd quarter. Royce & Associates LP now owns 2,291,463 shares of the auto parts company’s stock worth $44,363,000 after buying an additional 495,454 shares in the last quarter. Morgan Stanley raised its holdings in shares of Meritor by 9.6% during the 3rd quarter. Morgan Stanley now owns 2,224,907 shares of the auto parts company’s stock worth $43,074,000 after buying an additional 194,686 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Meritor by 8.2% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,699,807 shares of the auto parts company’s stock worth $34,965,000 after buying an additional 129,160 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

MTOR has been the subject of several research reports. TheStreet raised Meritor from a “c+” rating to a “b-” rating in a report on Friday, August 24th. ValuEngine cut Meritor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Meritor in a report on Sunday, November 18th. Barclays reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Meritor in a report on Wednesday, October 17th. Finally, Piper Jaffray Companies set a $37.00 price objective on Meritor and gave the company a “buy” rating in a report on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Meritor presently has an average rating of “Hold” and a consensus target price of $27.17.

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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.

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