Meritor, Inc. (NYSE:MTOR) CFO Kevin Nowlan sold 17,977 shares of Meritor stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $442,953.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Meritor, Inc. (NYSE:MTOR) traded up $0.12 during trading on Tuesday, hitting $24.40. The stock had a trading volume of 1,008,717 shares, compared to its average volume of 1,198,298. The firm has a market cap of $2,195.98, a PE ratio of 13.33 and a beta of 2.28. Meritor, Inc. has a fifty-two week low of $12.38 and a fifty-two 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.

Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The business had revenue of $922.00 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. research analysts forecast that Meritor, Inc. will post 2.4 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on MTOR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 price objective on shares of Meritor in a report on Monday, September 4th. Barclays set a $22.00 price objective on Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price objective (up from $25.00) on shares of Meritor in a report on Tuesday, September 12th. J P Morgan Chase & Co lifted their price objective on Meritor from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Tuesday, September 12th. Finally, Citigroup reiterated a “neutral” rating and issued a $22.00 price objective (up from $19.00) on shares of Meritor in a report on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.75.

Several institutional investors have recently modified their holdings of MTOR. Rothschild Asset Management Inc. acquired a new position in shares of Meritor during the 3rd quarter worth approximately $37,927,000. Russell Investments Group Ltd. boosted its holdings in shares of Meritor by 340.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock worth $21,218,000 after purchasing an additional 630,702 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Meritor during the 3rd quarter worth approximately $16,311,000. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Meritor by 108.4% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,151,730 shares of the auto parts company’s stock worth $19,130,000 after purchasing an additional 599,136 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Meritor during the 3rd quarter worth approximately $13,493,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Meritor, Inc. (MTOR) CFO Kevin Nowlan Sells 17,977 Shares” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/05/meritor-inc-mtor-cfo-kevin-nowlan-sells-17977-shares.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.

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

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.