Paradigm Capital Management Inc. NY Has $6.94 Million Position in Meritor, Inc. (MTOR)

Paradigm Capital Management Inc. NY lifted its position in shares of Meritor, Inc. (NYSE:MTOR) by 176.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 417,700 shares of the auto parts company’s stock after buying an additional 266,623 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.47% of Meritor worth $6,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its stake in shares of Meritor by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 7,300 shares of the auto parts company’s stock valued at $125,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Meritor by 2.6% during the 1st quarter. Bank of Montreal Can now owns 11,426 shares of the auto parts company’s stock valued at $196,000 after buying an additional 289 shares in the last quarter. Principal Financial Group Inc. lifted its stake 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 valued at $259,000 after buying an additional 528 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Meritor by 2.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 39,952 shares of the auto parts company’s stock valued at $684,000 after buying an additional 917 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its stake 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 valued at $141,000 after buying an additional 1,491 shares in the last quarter. Institutional investors own 93.23% of the company’s stock.

Shares of Meritor, Inc. (NYSE:MTOR) traded up 1.33% during mid-day trading on Tuesday, reaching $21.37. 173,418 shares of the company’s stock were exchanged. The company’s 50 day moving average is $18.76 and its 200 day moving average is $17.15. The stock has a market capitalization of $1.89 billion, a PE ratio of 3.47 and a beta of 2.21. Meritor, Inc. has a 1-year low of $9.84 and a 1-year high of $21.49.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.20. The business had revenue of $920 million for the quarter, compared to the consensus estimate of $846.19 million. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities research analysts anticipate that Meritor, Inc. will post $1.69 EPS for the current fiscal year.

In other Meritor news, SVP Robert H. Speed sold 4,192 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the transaction, the senior vice president now directly owns 30,000 shares of the company’s stock, valued at $576,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.87% of the company’s stock.

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A number of analysts have issued reports on MTOR shares. Stifel Nicolaus set a $25.00 price target on shares of Meritor and gave the company a “buy” rating in a report on Wednesday, August 2nd. KeyCorp reiterated a “buy” rating and issued a $23.00 price target on shares of Meritor in a report on Friday. UBS AG reiterated a “neutral” rating and issued a $19.00 price target (up from $18.00) on shares of Meritor in a report on Thursday, August 3rd. Buckingham Research started coverage on shares of Meritor in a report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, BidaskClub upgraded shares of Meritor from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.86.

Meritor Company Profile

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.

Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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