Meritor Director William R. Newlin Acquires 21,897 Shares (MTOR)
Meritor (NASDAQ:MTOR) Director William R. Newlin purchased 21,897 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $13.60 per share, for a total transaction of $297,799.20. Following the completion of the acquisition, the director now directly owns 205,425 shares of the company’s stock, valued at approximately $2,793,780. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Meritor (NASDAQ:MTOR) traded down 0.88% during mid-day trading on Thursday, hitting $13.55. 1,074,911 shares of the company’s stock traded hands. Meritor has a 52 week low of $6.04 and a 52 week high of $14.15. The stock has a 50-day moving average of $12.06 and a 200-day moving average of $10.14. The company has a market cap of $1.322 billion and a price-to-earnings ratio of 89.93.
Meritor (NASDAQ:MTOR) last released its earnings data on Thursday, May 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $920.24 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that Meritor will post $0.58 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Meritor in a research note on Tuesday. They now have a $17.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Meritor in a research note on Friday, May 2nd. They now have a $15.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Meritor from $11.00 to $14.00 in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.31.
Meritor, Inc (NASDAQ:MTOR) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
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