Paloma Partners Management Co Acquires 10,297 Shares of Meritor Inc (MTOR)

Paloma Partners Management Co increased its holdings in shares of Meritor Inc (NYSE:MTOR) by 123.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,652 shares of the auto parts company’s stock after buying an additional 10,297 shares during the period. Paloma Partners Management Co’s holdings in Meritor were worth $437,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its position in Meritor by 6.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 70,233 shares of the auto parts company’s stock worth $1,648,000 after buying an additional 4,125 shares during the period. American International Group Inc. boosted its position in Meritor by 8.1% during the 3rd quarter. American International Group Inc. now owns 56,176 shares of the auto parts company’s stock worth $1,461,000 after buying an additional 4,200 shares during the period. Swiss National Bank boosted its position in Meritor by 3.6% during the 4th quarter. Swiss National Bank now owns 145,600 shares of the auto parts company’s stock worth $3,416,000 after buying an additional 5,000 shares during the period. Virginia Retirement Systems ET AL boosted its position in Meritor by 8.9% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 64,700 shares of the auto parts company’s stock worth $1,683,000 after buying an additional 5,300 shares during the period. Finally, Caxton Associates LP boosted its position in Meritor by 47.7% during the 4th quarter. Caxton Associates LP now owns 16,843 shares of the auto parts company’s stock worth $395,000 after buying an additional 5,443 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

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Several research firms have issued reports on MTOR. Piper Jaffray Companies upgraded shares of Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Friday, December 8th. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 31st. Barclays raised their price target on shares of Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Longbow Research upgraded shares of Meritor from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.95.

MTOR stock opened at $20.87 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 2.86. Meritor Inc has a fifty-two week low of $14.97 and a fifty-two week high of $29.54. The stock has a market cap of $1,915.68, a P/E ratio of 7.03 and a beta of 2.48.

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

In other news, SVP Joseph A. Plomin sold 15,826 shares of Meritor stock in a transaction on Monday, February 26th. The shares were sold at an average price of $25.64, for a total value of $405,778.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Craig sold 155,000 shares of Meritor stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.21, for a total transaction of $4,062,550.00. Following the completion of the sale, the chief executive officer now owns 425,310 shares of the company’s stock, valued at approximately $11,147,375.10. The disclosure for this sale can be found here. Insiders sold a total of 238,826 shares of company stock valued at $6,439,309 in the last quarter. 2.32% 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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