Meritor, Inc. (NYSE:MTOR) CEO Jeffrey A. Craig sold 22,368 shares of Meritor stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $23.38, for a total transaction of $522,963.84. Following the transaction, the chief executive officer now directly owns 477,310 shares in the company, valued at $11,159,507.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey A. Craig also recently made the following trade(s):

  • On Monday, December 4th, Jeffrey A. Craig sold 67,005 shares of Meritor stock. The shares were sold at an average price of $24.63, for a total transaction of $1,650,333.15.

Meritor, Inc. (MTOR) traded down $0.15 during midday trading on Wednesday, reaching $23.44. 1,036,677 shares of the company’s stock traded hands, compared to its average volume of 1,210,479. 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 fifty-two week low of $12.38 and a fifty-two week high of $27.96. The stock has a market capitalization of $2,055.14, a price-to-earnings ratio of 12.47 and a beta of 2.28.

Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business had revenue of $922.00 million for the quarter, compared to analyst estimates of $836.39 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. analysts forecast that Meritor, Inc. will post 2.4 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. grew its holdings in Meritor by 8.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 596 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Meritor by 123.3% in the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after purchasing an additional 4,611 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Meritor by 21.2% in the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after purchasing an additional 1,491 shares during the last quarter. AMP Capital Investors Ltd purchased a new position in Meritor in the third quarter worth $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Meritor in the third quarter worth $232,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on MTOR. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Piper Jaffray Companies raised shares of Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Friday, December 8th. KeyCorp reissued a “buy” rating and set a $37.00 price objective (up from $23.00) on shares of Meritor in a report on Tuesday, September 19th. Longbow Research reissued a “buy” rating and set a $28.00 price objective (up from $22.00) on shares of Meritor in a report on Tuesday, September 19th. Finally, Buckingham Research began coverage on shares of Meritor in a report on Tuesday, September 5th. They set a “buy” rating and a $25.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.14.

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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)

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