Mckinley Capital Management LLC Delaware lowered its stake in Meritor Inc (NYSE:MTOR) by 30.7% during the 4th quarter, HoldingsChannel reports. The firm owned 452,862 shares of the auto parts company’s stock after selling 200,987 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Meritor were worth $10,625,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MTOR. Principal Financial Group Inc. lifted its stake in Meritor by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 15,572 shares of the auto parts company’s stock worth $259,000 after purchasing an additional 528 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Meritor by 2.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 224,523 shares of the auto parts company’s stock worth $3,729,000 after purchasing an additional 4,320 shares in the last quarter. BlackRock Inc. lifted its stake in Meritor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock worth $101,865,000 after purchasing an additional 141,587 shares in the last quarter. Amalgamated Bank lifted its stake in Meritor by 2.7% in the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after purchasing an additional 281 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Meritor by 70.2% in the 2nd quarter. New York State Common Retirement Fund now owns 147,202 shares of the auto parts company’s stock worth $2,445,000 after purchasing an additional 60,701 shares in the last quarter. Institutional investors and hedge funds own 97.46% of the company’s stock.

A number of analysts have recently weighed in on the stock. Barclays boosted their target price on shares of Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Stifel Nicolaus boosted their target price on shares of Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. UBS Group boosted their target price on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Buckingham Research boosted their target price on shares of Meritor from $30.00 to $33.00 and gave the stock 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $28.95.

In related news, CFO Kevin Nowlan sold 17,977 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total transaction of $442,953.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Craig sold 22,368 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $23.38, for a total transaction of $522,963.84. Following the transaction, the chief executive officer now owns 477,310 shares in the company, valued at $11,159,507.80. The disclosure for this sale can be found here. Insiders have sold a total of 214,290 shares of company stock worth $5,520,211 over the last quarter. 2.32% of the stock is currently owned by insiders.

Shares of Meritor Inc (NYSE MTOR) opened at $27.40 on Tuesday. Meritor Inc has a fifty-two week low of $14.97 and a fifty-two week high of $29.54. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 2.86. The firm has a market cap of $2,348.23, a PE ratio of 9.23 and a beta of 2.45.

Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The firm had revenue of $903.00 million for the quarter, compared to the consensus estimate of $836.28 million. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. research analysts anticipate that Meritor Inc will post 2.7 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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