Meritor, Inc. (MTOR) Position Reduced by Aperio Group LLC
Aperio Group LLC reduced its holdings in shares of Meritor, Inc. (NYSE:MTOR) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,871 shares of the auto parts company’s stock after selling 4,591 shares during the quarter. Aperio Group LLC’s holdings in Meritor were worth $1,011,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Meritor by 4.0% during the second quarter. Vanguard Group Inc. now owns 11,602,537 shares of the auto parts company’s stock worth $192,718,000 after acquiring an additional 447,647 shares during the period. BlackRock Inc. lifted its holdings in Meritor by 2.4% during the second quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock worth $101,865,000 after acquiring an additional 141,587 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Meritor by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,664,753 shares of the auto parts company’s stock worth $60,871,000 after acquiring an additional 94,158 shares during the period. State Street Corp lifted its holdings in Meritor by 4.2% during the second quarter. State Street Corp now owns 1,873,790 shares of the auto parts company’s stock worth $31,123,000 after acquiring an additional 74,896 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Meritor by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 1,712,306 shares of the auto parts company’s stock worth $28,442,000 after acquiring an additional 153,902 shares during the period. Institutional investors and hedge funds own 93.76% of the company’s stock.
Shares of Meritor, Inc. (NYSE:MTOR) opened at $23.87 on Friday. The company has a debt-to-equity ratio of -19.50, a quick ratio of 0.76 and a current ratio of 1.12. Meritor, Inc. has a one year low of $12.18 and a one year high of $27.96. The stock has a market capitalization of $2,114.48, a price-to-earnings ratio of 12.83 and a beta of 2.34.
Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 144.07% and a net margin of 9.68%. The business had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $836.39 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was up 26.6% on a year-over-year basis. research analysts anticipate that Meritor, Inc. will post 2.37 earnings per share for the current year.
MTOR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 price target on shares of Meritor in a report on Monday, September 4th. Zacks Investment Research upgraded Meritor from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, July 25th. Barclays PLC set a $22.00 price target on Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. UBS AG restated a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price (up from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. 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. The company presently has a consensus rating of “Buy” and an average target price of $25.75.
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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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