Meritor, Inc. (MTOR) Holdings Decreased by Royce & Associates LP

Royce & Associates LP lessened its holdings in shares of Meritor, Inc. (NYSE:MTOR) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,201,994 shares of the auto parts company’s stock after selling 103,300 shares during the quarter. Royce & Associates LP owned approximately 1.36% of Meritor worth $31,264,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Aperio Group LLC raised its position in shares of Meritor by 4.1% in the 2nd quarter. Aperio Group LLC now owns 43,462 shares of the auto parts company’s stock worth $722,000 after buying an additional 1,700 shares during the period. Strs Ohio raised its position in shares of Meritor by 6.2% in the 2nd quarter. Strs Ohio now owns 60,200 shares of the auto parts company’s stock worth $999,000 after buying an additional 3,500 shares during the period. Sei Investments Co. raised its position in shares of Meritor by 8.4% in the 2nd quarter. Sei Investments Co. now owns 205,987 shares of the auto parts company’s stock worth $3,422,000 after buying an additional 15,916 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Meritor by 7.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 594,077 shares of the auto parts company’s stock worth $9,868,000 after buying an additional 41,624 shares during the period. Finally, ClariVest Asset Management LLC raised its position in shares of Meritor by 19.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 764,080 shares of the auto parts company’s stock worth $12,692,000 after buying an additional 122,258 shares during the period. 96.20% of the stock is currently owned by institutional investors.

Shares of Meritor, Inc. (MTOR) traded down $0.70 during trading on Friday, hitting $23.44. The stock had a trading volume of 2,314,800 shares, compared to its average volume of 1,203,321. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $2,138.41, a P/E ratio of 12.98 and a beta of 2.28. Meritor, Inc. has a 12 month low of $12.38 and a 12 month high of $27.96.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.15. The company had revenue of $922.00 million during the quarter, compared to the consensus estimate of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. sell-side analysts expect that Meritor, Inc. will post 2.4 earnings per share for the current year.

MTOR has been the subject of several recent research reports. KeyCorp reiterated a “buy” rating and issued a $23.00 price target on shares of Meritor in a report on Friday, September 8th. Buckingham Research initiated coverage on Meritor in a report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price target for the company. J P Morgan Chase & Co increased their price target on Meritor from $19.00 to $21.50 and gave the company a “neutral” rating in a report on Tuesday, September 12th. BidaskClub upgraded Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Finally, Citigroup reiterated a “neutral” rating and issued a $22.00 price target (up from $19.00) on shares of Meritor in a report on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.14.

In other news, VP Paul Bialy sold 2,191 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.64, for a total transaction of $53,986.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Chris Villavarayan sold 14,053 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $346,265.92. The disclosure for this sale can be found here. Insiders have sold 101,226 shares of company stock valued at $2,493,539 over the last 90 days. Insiders own 2.87% of the company’s stock.

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Meritor 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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