Old Mutual Global Investors UK Ltd. Sells 50,496 Shares of Meritor Inc (MTOR)

Old Mutual Global Investors UK Ltd. lessened its stake in Meritor Inc (NYSE:MTOR) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 990,543 shares of the auto parts company’s stock after selling 50,496 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Meritor were worth $23,238,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. 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 during the period. 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 during the period. 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 during the period. Dynamic Technology Lab Private Ltd bought a new stake in Meritor during the second quarter worth $226,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Meritor during the third quarter worth $232,000. Institutional investors own 97.46% of the company’s stock.

MTOR has been the topic of a number of recent analyst reports. Buckingham Research lifted their price target on Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their price target on Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 price target on shares of Meritor in a report on Wednesday, January 31st. Zacks Investment Research upgraded Meritor from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 31st. Finally, Longbow Research upgraded Meritor from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Four investment 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 presently has a consensus rating of “Buy” and an average price target of $28.95.

In other news, CEO Jeffrey A. Craig sold 22,368 shares of Meritor stock in a transaction on Monday, December 11th. The stock was sold at an average price of $23.38, for a total value of $522,963.84. Following the completion of the transaction, the chief executive officer now directly owns 477,310 shares in the company, valued at $11,159,507.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Chris Villavarayan sold 14,053 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 $346,265.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,290 shares of company stock worth $5,520,211. Corporate insiders own 2.32% of the company’s stock.

Shares of Meritor Inc (MTOR) opened at $26.21 on Thursday. The stock has a market capitalization of $2,351.80, a price-to-earnings ratio of 11.82 and a beta of 2.45. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69. Meritor Inc has a one year low of $14.97 and a one year high of $29.54.

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

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Meritor 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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