Chris Villavarayan Sells 18,000 Shares of Meritor Inc (MTOR) Stock

Meritor Inc (NYSE:MTOR) SVP Chris Villavarayan sold 18,000 shares of Meritor stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $28.61, for a total transaction of $514,980.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Chris Villavarayan also recently made the following trade(s):

  • On Wednesday, December 13th, Chris Villavarayan sold 4,000 shares of Meritor stock. The stock was sold at an average price of $23.53, for a total transaction of $94,120.00.
  • On Monday, December 4th, Chris Villavarayan sold 14,053 shares of Meritor stock. The stock was sold at an average price of $24.64, for a total transaction of $346,265.92.

Shares of Meritor Inc (NYSE:MTOR) traded up $0.54 during trading hours on Tuesday, reaching $28.26. 2,440,000 shares of the company traded hands, compared to its average volume of 1,240,000. Meritor Inc has a 12-month low of $14.97 and a 12-month high of $29.54. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69. The firm has a market cap of $2,520.00, a price-to-earnings ratio of 9.18 and a beta of 2.45.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.16. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $836.28 million. During the same period last year, the business earned $0.25 EPS. Meritor’s revenue for the quarter was up 29.2% compared to the same quarter last year. research analysts anticipate that Meritor Inc will post 2.68 EPS for the current fiscal year.

Several research firms have recently issued reports on MTOR. Buckingham Research lifted their price objective on shares of Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price objective on shares of Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Barclays lifted their price objective on shares of Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Zacks Investment Research raised shares of Meritor from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 31st. Finally, ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.05.

A number of large investors have recently made changes to their positions in MTOR. Principal Financial Group Inc. raised its stake in 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 acquiring an additional 528 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Meritor by 2.0% in the second quarter. TIAA CREF Investment Management LLC now owns 224,523 shares of the auto parts company’s stock valued at $3,729,000 after purchasing an additional 4,320 shares during the period. BlackRock Inc. increased its stake in Meritor by 2.4% in the second quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock valued at $101,865,000 after purchasing an additional 141,587 shares during the period. Amalgamated Bank increased its stake in Meritor by 2.7% in the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 281 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Meritor by 70.2% in the second quarter. New York State Common Retirement Fund now owns 147,202 shares of the auto parts company’s stock valued at $2,445,000 after purchasing an additional 60,701 shares during the period. Hedge funds and other institutional investors own 98.37% of the company’s stock.

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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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