Squarepoint Ops LLC trimmed its holdings in shares of Meritor Inc (NYSE:MTOR) by 28.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,185 shares of the auto parts company’s stock after selling 39,313 shares during the period. Squarepoint Ops LLC owned approximately 0.13% of Meritor worth $1,853,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of MTOR. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Meritor by 49.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,620 shares of the auto parts company’s stock worth $1,567,000 after acquiring an additional 21,410 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Meritor by 16.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,739 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 686 shares in the last quarter. First Trust Advisors LP boosted its position in Meritor by 68.9% during the second quarter. First Trust Advisors LP now owns 76,039 shares of the auto parts company’s stock valued at $1,844,000 after purchasing an additional 31,020 shares during the last quarter. Aperio Group LLC grew its stake in Meritor by 5.6% in the second quarter. Aperio Group LLC now owns 42,627 shares of the auto parts company’s stock valued at $1,034,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of Meritor by 2.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 44,724 shares of the auto parts company’s stock worth $1,085,000 after purchasing an additional 1,067 shares in the last quarter.
MTOR has been the subject of several recent research reports. ValuEngine raised shares of Meritor from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays raised their target price on shares of Meritor from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group cut their price objective on Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Citigroup dropped their target price on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.30.
NYSE:MTOR opened at $23.47 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.30 and a debt-to-equity ratio of 2.17. The firm has a market cap of $1.83 billion, a PE ratio of 6.14 and a beta of 2.28. Meritor Inc has a 12 month low of $15.89 and a 12 month high of $25.90. The company’s 50-day moving average price is $24.19 and its two-hundred day moving average price is $21.55.
Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, November 13th. The auto parts company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. Meritor had a return on equity of 78.25% and a net margin of 6.63%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts expect that Meritor Inc will post 2.82 EPS for the current fiscal year.
In other Meritor news, SVP Chris Villavarayan sold 15,000 shares of Meritor stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $23.47, for a total transaction of $352,050.00. Following the completion of the transaction, the senior vice president now directly owns 45,115 shares of the company’s stock, valued at $1,058,849.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Carl Douglas Anderson II sold 10,497 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $24.75, for a total value of $259,800.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 250,728 shares of company stock valued at $6,179,082. Insiders own 3.50% of the company’s stock.
Meritor Company Profile
Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck; and Aftermarket, Industrial and Trailer.
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