Meritor Inc (NYSE:MTOR) CEO Jeffrey A. Craig sold 50,000 shares of Meritor stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.12, for a total transaction of $1,456,000.00. Following the sale, the chief executive officer now owns 427,310 shares of the company’s stock, valued at approximately $12,443,267.20. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jeffrey A. Craig also recently made the following trade(s):

  • On Monday, December 4th, Jeffrey A. Craig sold 67,005 shares of Meritor stock. The shares were sold at an average price of $24.63, for a total transaction of $1,650,333.15.

Shares of Meritor Inc (NYSE:MTOR) opened at $28.26 on Wednesday. Meritor Inc has a twelve month low of $14.97 and a twelve month high of $29.54. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69. The company has a market cap of $2,470.41, a PE ratio of 12.42 and a beta of 2.45.

Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.46 by $0.16. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The business had revenue of $903.00 million during the quarter, compared to analyst estimates of $836.28 million. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. sell-side analysts expect that Meritor Inc will post 2.72 earnings per share for the current year.

Several large investors have recently bought and sold shares of MTOR. Rothschild Asset Management Inc. purchased a new position in shares of Meritor in the 3rd quarter worth approximately $37,927,000. Hennessy Advisors Inc. grew its position in shares of Meritor by 480.4% in the 4th quarter. Hennessy Advisors Inc. now owns 1,415,600 shares of the auto parts company’s stock worth $33,210,000 after buying an additional 1,171,700 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Meritor by 340.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock worth $21,218,000 after buying an additional 630,702 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Meritor in the 3rd quarter worth approximately $16,311,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Meritor in the 3rd quarter worth approximately $13,493,000. Institutional investors and hedge funds own 98.37% of the company’s stock.

A number of brokerages recently weighed in on MTOR. Barclays lifted their price objective on shares of Meritor from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Stifel Nicolaus boosted their price target on shares of Meritor from $31.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 1st. UBS Group boosted their price target on shares of Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Buckingham Research boosted their price target on shares of Meritor from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.05.

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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.

Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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