Meritor Inc (NYSE:MTOR) CAO Sells $85,689.45 in Stock

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Meritor Inc (NYSE:MTOR) CAO Paul Bialy sold 3,465 shares of Meritor stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $24.73, for a total transaction of $85,689.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:MTOR opened at $23.65 on Wednesday. The firm’s 50 day moving average price is $23.31 and its 200-day moving average price is $21.21. Meritor Inc has a twelve month low of $15.03 and a twelve month high of $25.90. The company has a quick ratio of 0.74, a current ratio of 1.30 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $1.97 billion, a PE ratio of 6.19 and a beta of 2.28.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 13th. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. Meritor had a net margin of 6.63% and a return on equity of 78.25%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. Analysts expect that Meritor Inc will post 2.82 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTOR. Meeder Asset Management Inc. raised its stake in shares of Meritor by 124.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,433 shares of the auto parts company’s stock valued at $35,000 after buying an additional 794 shares during the last quarter. Huntington National Bank increased its holdings in shares of Meritor by 214,000.0% during the third quarter. Huntington National Bank now owns 2,141 shares of the auto parts company’s stock worth $40,000 after buying an additional 2,140 shares in the last quarter. Howe & Rusling Inc. bought a new position in shares of Meritor in the 3rd quarter valued at $46,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Meritor in the 2nd quarter valued at $77,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Meritor by 16.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,739 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 686 shares in the last quarter.

A number of brokerages recently weighed in on MTOR. UBS Group lowered their price objective on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. ValuEngine upgraded shares of Meritor from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 19th. Buckingham Research lowered their price target on Meritor from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Barclays lowered their price target on Meritor from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Finally, Citigroup dropped their price target on Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Meritor presently has an average rating of “Hold” and an average price target of $23.80.

About Meritor

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; and Aftermarket, Industrial and Trailer.

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Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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