Jeffrey A. Craig Sells 67,005 Shares of Meritor, Inc. (MTOR) Stock

Meritor, Inc. (NYSE:MTOR) CEO Jeffrey A. Craig sold 67,005 shares of Meritor stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.63, for a total transaction of $1,650,333.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Meritor, Inc. (NYSE:MTOR) opened at $24.14 on Thursday. The company has a market cap of $2,150.81, a P/E ratio of 13.05 and a beta of 2.28. Meritor, Inc. has a 12 month low of $12.38 and a 12 month high of $27.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.78 and a current ratio of 1.10.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $836.39 million. During the same period in the previous year, the business posted $0.34 earnings per share. Meritor’s revenue for the quarter was up 26.6% on a year-over-year basis. equities analysts forecast that Meritor, Inc. will post 2.4 EPS for the current year.

Several equities analysts recently commented on MTOR shares. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $23.00 price objective on shares of Meritor in a research note on Monday, September 4th. Buckingham Research started coverage on shares of Meritor in a research note on Tuesday, September 5th. They set a “buy” rating and a $25.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price objective on shares of Meritor in a research note on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $23.00 price objective on shares of Meritor in a research note on Friday, September 8th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $25.75.

Institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its position 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 valued at $122,000 after purchasing an additional 596 shares during the last quarter. Federated Investors Inc. PA lifted its position 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 valued at $141,000 after purchasing an additional 1,491 shares during the last quarter. Amalgamated Bank lifted its position in Meritor by 2.7% during the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 281 shares during the last quarter. Blue Rock Advisors LLC bought a new stake in Meritor during the second quarter valued at approximately $204,000. Finally, Meeder Asset Management Inc. lifted its position 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 valued at $218,000 after purchasing an additional 4,611 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3078925/jeffrey-a-craig-sells-67005-shares-of-meritor-inc-mtor-stock.html.

About Meritor

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)

Receive News & Ratings for Meritor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.