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

Meritor Inc (NYSE:MTOR) SVP Chris Villavarayan sold 18,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $28.61, for a total transaction of $514,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were 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 shares were sold at an average price of $24.64, for a total transaction of $346,265.92.

Shares of Meritor Inc (NYSE:MTOR) opened at $27.73 on Thursday. The stock has a market cap of $2,520.35, a P/E ratio of 12.67 and a beta of 2.45. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 2.86. Meritor Inc has a 1-year low of $14.97 and a 1-year high of $29.54.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.16. The company had revenue of $903.00 million for the quarter, compared to analyst estimates of $836.28 million. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The firm’s revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. research analysts anticipate that Meritor Inc will post 2.7 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in MTOR. Ameritas Investment Partners Inc. grew its holdings in shares of Meritor by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 596 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Meritor by 2.7% during the 2nd 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 last quarter. Meeder Asset Management Inc. grew its holdings in shares of Meritor by 123.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after purchasing an additional 4,611 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Meritor during the 2nd quarter valued at approximately $226,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Meritor during the 3rd quarter worth approximately $232,000. 98.37% of the stock is currently owned by institutional investors.

Several research firms have commented on MTOR. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Barclays raised their target price on shares of Meritor from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Buckingham Research raised their target price on shares of Meritor from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus raised their target price on shares of Meritor from $31.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Meritor in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.05.

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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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