New York State Common Retirement Fund lifted its position in Meritor Inc (NYSE:MTOR) by 70.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,202 shares of the auto parts company’s stock after acquiring an additional 60,701 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of Meritor worth $2,445,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Meritor by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 11,154,890 shares of the auto parts company’s stock valued at $191,083,000 after acquiring an additional 749,068 shares during the period. BlackRock Inc. raised its position in shares of Meritor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock valued at $101,865,000 after acquiring an additional 141,587 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Meritor by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,570,595 shares of the auto parts company’s stock valued at $61,163,000 after acquiring an additional 129,244 shares during the period. State Street Corp raised its position in shares of Meritor by 7.9% in the 1st quarter. State Street Corp now owns 1,798,894 shares of the auto parts company’s stock valued at $30,815,000 after acquiring an additional 131,156 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Meritor by 9.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,712,306 shares of the auto parts company’s stock valued at $28,442,000 after acquiring an additional 153,902 shares during the period. Institutional investors and hedge funds own 93.23% of the company’s stock.

Shares of Meritor Inc (MTOR) opened at 26.48 on Monday. The company has a market capitalization of $2.35 billion, a PE ratio of 4.30 and a beta of 2.30. Meritor Inc has a 1-year low of $9.84 and a 1-year high of $27.03. The company’s 50-day moving average price is $24.63 and its 200-day moving average price is $19.02.

Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.20. The firm had revenue of $920.00 million for the quarter, compared to analyst estimates of $846.19 million. During the same period in the previous year, the company earned $0.57 earnings per share. Meritor’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Meritor Inc will post $1.70 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of Meritor from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 price target (up from $25.00) on shares of Meritor in a research report on Tuesday, September 12th. Barclays PLC reiterated an “equal weight” rating and issued a $21.00 price target (up from $17.00) on shares of Meritor in a research report on Tuesday, September 12th. Finally, Longbow Research reiterated a “buy” rating and issued a $28.00 price target (up from $22.00) on shares of Meritor in a research report on Tuesday, September 19th. Five analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Meritor has an average rating of “Buy” and a consensus target price of $25.05.

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In other news, SVP Robert H. Speed sold 4,192 shares of the company’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.87% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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