11,300 Shares in Meritor, Inc. (NYSE:MTOR) Acquired by Fox Run Management L.L.C.
Fox Run Management L.L.C. acquired a new stake in shares of Meritor, Inc. (NYSE:MTOR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,300 shares of the auto parts company’s stock, valued at approximately $188,000.
A number of other institutional investors also recently modified their holdings of MTOR. Public Employees Retirement System of Ohio boosted its position in shares of Meritor by 2.3% in the first 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 during the period. ICM Asset Management Inc. WA boosted its position in shares of Meritor by 72.6% in the first quarter. ICM Asset Management Inc. WA now owns 58,265 shares of the auto parts company’s stock valued at $998,000 after buying an additional 24,505 shares during the period. Jane Street Group LLC bought a new position in shares of Meritor during the first quarter valued at $543,000. AQR Capital Management LLC boosted its position in shares of Meritor by 72.1% in the first quarter. AQR Capital Management LLC now owns 911,590 shares of the auto parts company’s stock valued at $15,616,000 after buying an additional 381,757 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Meritor during the first quarter valued at $4,246,000. Institutional investors and hedge funds own 93.05% of the company’s stock.
Shares of Meritor, Inc. (NYSE MTOR) traded up 2.42% during midday trading on Friday, hitting $19.02. The stock had a trading volume of 1,077,801 shares. The stock has a market cap of $1.68 billion, a PE ratio of 3.09 and a beta of 2.22. The stock’s 50-day moving average is $17.94 and its 200-day moving average is $16.75. Meritor, Inc. has a 12 month low of $9.84 and a 12 month high of $19.61.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.20. The firm had revenue of $920 million for the quarter, compared to the consensus estimate of $846.19 million. Meritor had a negative return on equity of 106.67% and a net margin of 17.03%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Equities analysts anticipate that Meritor, Inc. will post $1.69 EPS for the current year.
Several brokerages have weighed in on MTOR. Barclays PLC raised their price objective on Meritor from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. UBS AG restated a “neutral” rating and set a $19.00 price objective (up from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Stifel Nicolaus set a $25.00 target price on Meritor and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub lowered Meritor from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.57.
In other news, SVP Robert H. Speed sold 4,192 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.87% of the company’s stock.
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.
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