Meritor Sees Unusually Large Options Volume (MTOR)
Meritor Inc (NYSE:MTOR) saw some unusual options trading on Friday. Stock traders bought 9,070 put options on the stock. This is an increase of 1,682% compared to the average daily volume of 509 put options.
Meritor (MTOR) opened at $24.52 on Monday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.78 and a current ratio of 1.10. The firm has a market capitalization of $2,186.77, a PE ratio of 6.91 and a beta of 2.29. Meritor has a twelve month low of $13.34 and a twelve month high of $27.96.
Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The firm had revenue of $922.00 million for the quarter, compared to analyst estimates of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. equities analysts predict that Meritor will post 2.43 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its holdings in Meritor by 8.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 596 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Meritor by 21.2% during the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after acquiring an additional 1,491 shares in the last quarter. Amalgamated Bank lifted its holdings in Meritor by 2.7% during the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after acquiring an additional 281 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Meritor by 123.3% during the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock worth $218,000 after acquiring an additional 4,611 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Meritor during the second quarter worth about $226,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.
Several research analysts have recently issued reports on MTOR shares. Barclays set a $22.00 price target on Meritor and gave the stock a “hold” rating in a research report on Friday, October 20th. Piper Jaffray Companies upgraded Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday, December 8th. Royal Bank of Canada reduced their price target on Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, November 16th. Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Longbow Research restated 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. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.14.
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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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