Barings LLC Purchases Shares of 10,400 Meritor, Inc. (MTOR)

Barings LLC purchased a new position in Meritor, Inc. (NYSE:MTOR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,400 shares of the auto parts company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its position in Meritor by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 596 shares in the last quarter. Federated Investors Inc. PA lifted its position in Meritor by 21.2% in the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after acquiring an additional 1,491 shares in the last quarter. Amalgamated Bank lifted its position in Meritor by 2.7% in the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after acquiring an additional 281 shares in the last quarter. Blue Rock Advisors LLC bought a new position in Meritor in the 2nd quarter valued at approximately $204,000. Finally, Meeder Asset Management Inc. lifted its position in Meritor by 123.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after acquiring an additional 4,611 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

MTOR has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 target price (up from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and set a $23.00 target price on shares of Meritor in a research note on Friday, September 8th. Buckingham Research initiated coverage on shares of Meritor in a research note on Tuesday, September 5th. They set a “buy” rating and a $25.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 target price on shares of Meritor in a research note on Monday, September 4th. Finally, Longbow Research reiterated a “buy” rating and set a $28.00 target price (up from $22.00) on shares of Meritor in a research note on Tuesday, September 19th. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $25.75.

Meritor, Inc. (NYSE MTOR) traded down $0.26 during trading hours on Thursday, hitting $24.14. The stock had a trading volume of 1,456,200 shares, compared to its average volume of 1,198,591. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78. The stock has a market cap of $2,161.44, a price-to-earnings ratio of 13.12 and a beta of 2.28. Meritor, Inc. has a 52-week low of $12.38 and a 52-week high of $27.96.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15. The firm had revenue of $922.00 million during 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%. Meritor’s revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. research analysts anticipate that Meritor, Inc. will post 2.4 earnings per share for the current year.

In related news, SVP Chris Villavarayan sold 14,053 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Craig sold 67,005 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $24.63, for a total transaction of $1,650,333.15. The disclosure for this sale can be found here. Insiders sold a total of 101,226 shares of company stock valued at $2,493,539 over the last 90 days. 2.87% of the stock is currently owned by company insiders.

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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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