Meritor, Inc. (MTOR) SVP Chris Villavarayan Sells 14,053 Shares of Stock

Meritor, Inc. (NYSE:MTOR) SVP Chris Villavarayan sold 14,053 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $346,265.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Meritor, Inc. (NYSE:MTOR) traded up $0.12 on Wednesday, reaching $24.40. The company had a trading volume of 1,009,200 shares, compared to its average volume of 1,197,490. Meritor, Inc. has a 52 week low of $12.38 and a 52 week high of $27.96. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 2.55. The stock has a market cap of $2,150.81, a price-to-earnings ratio of 13.05 and a beta of 2.28.

Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $836.39 million. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. sell-side analysts predict that Meritor, Inc. will post 2.4 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of MTOR. Ameritas Investment Partners Inc. boosted its stake in Meritor by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 596 shares during the period. Federated Investors Inc. PA boosted its stake in Meritor by 21.2% in the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after purchasing an additional 1,491 shares during the period. Amalgamated Bank boosted its stake in Meritor by 2.7% in the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after purchasing an additional 281 shares during the period. Blue Rock Advisors LLC bought a new position in Meritor in the 2nd quarter worth about $204,000. Finally, Meeder Asset Management Inc. boosted its stake in Meritor by 123.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after purchasing an additional 4,611 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

MTOR has been the subject of several research analyst reports. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of Meritor in a report on Monday, September 4th. Buckingham Research began coverage on Meritor in a report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price objective on shares of Meritor in a report on Tuesday, September 5th. Finally, KeyCorp reissued a “buy” rating and issued a $23.00 price objective on shares of Meritor in a report on Friday, September 8th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.75.

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Meritor Company 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.

Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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