Meritor, Inc. (NYSE:MTOR) SVP Chris Villavarayan sold 14,053 shares of the company’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 $346,265.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Meritor, Inc. (NYSE MTOR) traded up $0.12 during mid-day trading on Tuesday, reaching $24.40. The company had a trading volume of 1,008,717 shares, compared to its average volume of 1,198,298. Meritor, Inc. has a 1-year low of $12.38 and a 1-year high of $27.96. The company has a market capitalization of $2,195.98, a PE ratio of 13.33 and a beta of 2.28. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $836.39 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up 26.6% on a year-over-year basis. sell-side analysts predict that Meritor, Inc. will post 2.4 earnings per share for the current year.

Several research firms have recently issued reports on MTOR. BidaskClub raised Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. UBS upped their price objective on Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price objective (up previously from $17.00) on shares of Meritor in a research note on Tuesday, September 12th. Buckingham Research initiated coverage on Meritor in a report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 target price on shares of Meritor in a report on Tuesday, September 5th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $25.75.

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank boosted its holdings 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 buying an additional 281 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Meritor by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,141 shares of the auto parts company’s stock worth $1,065,000 after buying an additional 439 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Meritor by 3.5% during the 2nd quarter. Principal Financial Group Inc. now owns 15,572 shares of the auto parts company’s stock worth $259,000 after buying an additional 528 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings 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 buying an additional 596 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings 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 buying an additional 1,491 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/05/meritor-inc-mtor-svp-sells-346265-92-in-stock.html.

About Meritor

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.