Crestline Management LP decreased its stake in shares of Meritor Inc (NYSE:MTOR) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 199,648 shares of the auto parts company’s stock after selling 15,984 shares during the period. Crestline Management LP owned 0.24% of Meritor worth $3,376,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MTOR. Strs Ohio increased its holdings in shares of Meritor by 146.2% during the 4th quarter. Strs Ohio now owns 3,200 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,900 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Meritor by 155.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,367 shares of the auto parts company’s stock valued at $141,000 after acquiring an additional 5,098 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new position in shares of Meritor during the 4th quarter valued at about $193,000. Stone Ridge Asset Management LLC acquired a new position in shares of Meritor during the 3rd quarter valued at about $198,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Meritor during the 4th quarter valued at about $234,000. 91.20% of the stock is currently owned by institutional investors and hedge funds.
MTOR opened at $20.83 on Friday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 6.87 and a beta of 2.12. The company has a current ratio of 1.08, a quick ratio of 0.62 and a debt-to-equity ratio of 2.02. Meritor Inc has a 12-month low of $15.01 and a 12-month high of $22.92.
Meritor (NYSE:MTOR) last released its earnings results on Tuesday, January 29th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $967.98 million. Meritor had a return on equity of 89.57% and a net margin of 5.63%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Research analysts expect that Meritor Inc will post 3.36 EPS for the current fiscal year.
In other Meritor news, SVP Chris Villavarayan sold 34,246 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $21.31, for a total value of $729,782.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy J. Heffron sold 36,940 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $22.00, for a total value of $812,680.00. Following the completion of the sale, the senior vice president now owns 31,741 shares of the company’s stock, valued at approximately $698,302. The disclosure for this sale can be found here. Insiders sold a total of 82,334 shares of company stock worth $1,772,790 in the last ninety days. Insiders own 2.80% of the company’s stock.
A number of research analysts have recently commented on MTOR shares. Stifel Nicolaus reissued a “buy” rating and set a $24.00 price objective on shares of Meritor in a report on Sunday, November 18th. Barclays reaffirmed a “hold” rating and issued a $21.00 target price (down previously from $22.00) on shares of Meritor in a report on Sunday, November 18th. ValuEngine raised Meritor from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Royal Bank of Canada raised their target price on Meritor to $22.00 and gave the company a “sector perform” rating in a report on Wednesday, January 30th. They noted that the move was a valuation call. Finally, KeyCorp started coverage on Meritor in a report on Monday, December 10th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.60.
Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Trailer; and Aftermarket & Industrial.
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