Axa grew its stake in shares of Meritor Inc (NYSE:MTOR) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 323,500 shares of the auto parts company’s stock after purchasing an additional 40,900 shares during the quarter. Axa owned approximately 0.36% of Meritor worth $7,589,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its position in shares of Meritor by 6.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 70,233 shares of the auto parts company’s stock worth $1,648,000 after buying an additional 4,125 shares during the period. American International Group Inc. boosted its position in shares of Meritor by 8.1% during the third quarter. American International Group Inc. now owns 56,176 shares of the auto parts company’s stock worth $1,461,000 after buying an additional 4,200 shares during the period. Swiss National Bank boosted its position in shares of Meritor by 3.6% during the fourth quarter. Swiss National Bank now owns 145,600 shares of the auto parts company’s stock worth $3,416,000 after buying an additional 5,000 shares during the period. Virginia Retirement Systems ET AL boosted its position in shares of Meritor by 8.9% during the third quarter. Virginia Retirement Systems ET AL now owns 64,700 shares of the auto parts company’s stock worth $1,683,000 after buying an additional 5,300 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of Meritor during the fourth quarter worth approximately $136,000. 93.65% of the stock is owned by institutional investors.
In other news, SVP Joseph A. Plomin sold 15,826 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $25.64, for a total transaction of $405,778.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chris Villavarayan sold 18,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $28.61, for a total value of $514,980.00. The disclosure for this sale can be found here. Insiders sold 238,826 shares of company stock valued at $6,439,309 over the last 90 days. 2.32% of the stock is currently owned by insiders.
Shares of Meritor Inc (MTOR) opened at $22.97 on Wednesday. The firm has a market capitalization of $2,060.16, a P/E ratio of 7.73 and a beta of 2.48. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69. Meritor Inc has a 52-week low of $14.97 and a 52-week high of $29.54.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $836.28 million. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. equities analysts predict that Meritor Inc will post 2.7 EPS for the current fiscal year.
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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