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.

In other news, SVP Chris Villavarayan sold 4,000 shares of Meritor stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.53, for a total value of $94,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Nowlan sold 17,977 shares of Meritor stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $442,953.28. The disclosure for this sale can be found here. Insiders sold a total of 146,290 shares of company stock valued at $3,549,231 over the last three months. Insiders own 2.32% of the company’s stock.

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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