Meritor, Inc. (MTOR) SVP Sells $346,265.92 in Stock
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.
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.
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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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