Insider Selling: Meritor, Inc. (MTOR) CEO Sells 67,005 Shares of Stock
Meritor, Inc. (NYSE:MTOR) CEO Jeffrey A. Craig sold 67,005 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Meritor, Inc. (NYSE:MTOR) traded down $0.51 during midday trading on Tuesday, reaching $24.28. The company’s stock had a trading volume of 1,226,900 shares, compared to its average volume of 1,198,298. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. Meritor, Inc. has a 1 year low of $12.38 and a 1 year high of $27.96. The stock has a market capitalization of $2,195.98, a P/E ratio of 13.33 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, beating analysts’ consensus estimates of $0.47 by $0.15. The firm had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. equities research analysts forecast that Meritor, Inc. will post 2.4 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTOR. Ameritas Investment Partners Inc. boosted its stake in shares of Meritor by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 596 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Meritor by 21.2% during the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after acquiring an additional 1,491 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Meritor by 2.7% during the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after acquiring an additional 281 shares in the last quarter. Blue Rock Advisors LLC bought a new stake in shares of Meritor during the 2nd quarter worth about $204,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Meritor by 123.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after acquiring an additional 4,611 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/05/insider-selling-meritor-inc-mtor-ceo-sells-67005-shares-of-stock.html.
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.
Receive News & Ratings for Meritor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.