Royce & Associates LP boosted its stake in shares of Meritor, Inc. (NYSE:MTOR) by 10.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,305,294 shares of the auto parts company’s stock after buying an additional 124,500 shares during the period. Royce & Associates LP owned 1.47% of Meritor worth $21,681,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Meritor by 7.2% in the first quarter. Vanguard Group Inc. now owns 11,154,890 shares of the auto parts company’s stock valued at $191,083,000 after buying an additional 749,068 shares in the last quarter. BlackRock Inc. increased its stake in shares of Meritor by 22,259.3% in the first quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock valued at $102,629,000 after buying an additional 5,964,374 shares in the last quarter. LSV Asset Management increased its stake in shares of Meritor by 1.2% in the first quarter. LSV Asset Management now owns 4,825,431 shares of the auto parts company’s stock valued at $82,659,000 after buying an additional 57,700 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Meritor by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,570,595 shares of the auto parts company’s stock valued at $61,163,000 after buying an additional 129,244 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Meritor by 7.9% in the first quarter. State Street Corp now owns 1,798,894 shares of the auto parts company’s stock valued at $30,815,000 after buying an additional 131,156 shares in the last quarter. 93.25% of the stock is owned by institutional investors and hedge funds.

Shares of Meritor, Inc. (MTOR) opened at 18.83 on Tuesday. The firm’s 50-day moving average price is $18.16 and its 200 day moving average price is $16.88. Meritor, Inc. has a one year low of $9.84 and a one year high of $19.61. The firm has a market cap of $1.67 billion, a P/E ratio of 3.05 and a beta of 2.22.

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

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Several brokerages have issued reports on MTOR. Royal Bank Of Canada began coverage on Meritor in a report on Monday, May 15th. They set an “outperform” rating and a $22.00 price target for the company. BidaskClub downgraded Meritor from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised Meritor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Stifel Nicolaus set a $25.00 price target on Meritor and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC raised their price target on Meritor from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Meritor currently has an average rating of “Buy” and a consensus target price of $20.50.

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

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.

Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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