Strs Ohio Sells 54,000 Shares of Meritor, Inc. (MTOR)

Strs Ohio cut its holdings in Meritor, Inc. (NYSE:MTOR) by 89.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the auto parts company’s stock after selling 54,000 shares during the period. Strs Ohio’s holdings in Meritor were worth $161,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Meritor by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 11,602,537 shares of the auto parts company’s stock valued at $192,718,000 after purchasing an additional 447,647 shares during the last quarter. BlackRock Inc. increased its stake in shares of Meritor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock valued at $101,865,000 after acquiring an additional 141,587 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Meritor by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,664,753 shares of the auto parts company’s stock valued at $60,871,000 after acquiring an additional 94,158 shares during the last quarter. State Street Corp increased its stake in shares of Meritor by 4.2% during the 2nd quarter. State Street Corp now owns 1,873,790 shares of the auto parts company’s stock valued at $31,123,000 after acquiring an additional 74,896 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Meritor by 9.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,712,306 shares of the auto parts company’s stock valued at $28,442,000 after acquiring an additional 153,902 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

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Meritor, Inc. (MTOR) opened at $25.89 on Friday. The firm has a market capitalization of $2,292.97, a P/E ratio of 16.39 and a beta of 2.34. The company has a debt-to-equity ratio of -19.50, a current ratio of 1.12 and a quick ratio of 0.76. Meritor, Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $27.96.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Longbow Research downgraded shares of Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Barclays PLC set a $22.00 price objective on shares of Meritor and gave the company a “hold” rating in a research note on Friday, October 20th. UBS AG upped their price objective on shares of Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, KeyCorp reissued a “buy” rating and set a $37.00 target price (up previously from $23.00) on shares of Meritor in a research report on Tuesday, September 19th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.05.

Meritor Profile

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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