Meritor Inc (MTOR) Holdings Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its holdings in Meritor Inc (NYSE:MTOR) by 81.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,815 shares of the auto parts company’s stock after acquiring an additional 26,442 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Meritor worth $1,530,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Ameritas Investment Partners Inc. grew its holdings in shares of Meritor by 8.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after buying an additional 596 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Meritor by 21.2% during the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after buying an additional 1,491 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Meritor by 2.7% during the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after buying an additional 281 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Meritor by 123.3% during the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after buying an additional 4,611 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Meritor during the second quarter worth about $226,000. Institutional investors own 95.54% of the company’s stock.

In other news, CEO Jeffrey A. Craig sold 22,368 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $23.38, for a total value of $522,963.84. Following the completion of the sale, the chief executive officer now directly owns 477,310 shares of the company’s stock, valued at $11,159,507.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin Nowlan sold 17,977 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $442,953.28. The disclosure for this sale can be found here. Insiders have sold 146,290 shares of company stock valued at $3,549,231 over the last three months. Insiders own 2.32% of the company’s stock.

A number of research firms recently issued reports on MTOR. BidaskClub upgraded Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. UBS Group increased their price objective on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Barclays reiterated an “equal weight” rating and set a $21.00 price objective (up from $17.00) on shares of Meritor in a report on Tuesday, September 12th. ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Longbow Research cut Meritor from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $26.14.

Meritor Inc (NYSE:MTOR) opened at $23.40 on Thursday. Meritor Inc has a 52-week low of $12.78 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 company has a market capitalization of $2,090.00, a P/E ratio of 6.43 and a beta of 2.29.

Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, beating 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 firm had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. equities analysts predict that Meritor Inc will post 2.43 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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