Weber Alan W Maintains Position in Meritor, Inc. (MTOR)

Weber Alan W continued to hold its stake in shares of Meritor, Inc. (NYSE:MTOR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,600 shares of the auto parts company’s stock at the end of the second quarter. Weber Alan W’s holdings in Meritor were worth $541,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Meritor during the fourth quarter valued at approximately $4,809,000. Teachers Advisors LLC increased its position in shares of Meritor by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 142,909 shares of the auto parts company’s stock valued at $1,775,000 after buying an additional 7,511 shares in the last quarter. Bank of Montreal Can increased its position in shares of Meritor by 2.6% in the first quarter. Bank of Montreal Can now owns 11,426 shares of the auto parts company’s stock valued at $196,000 after buying an additional 289 shares in the last quarter. Sanders Morris Harris Inc. purchased a new position in shares of Meritor during the first quarter valued at approximately $3,722,000. Finally, James Investment Research Inc. increased its position in shares of Meritor by 5,991.1% in the first quarter. James Investment Research Inc. now owns 124,867 shares of the auto parts company’s stock valued at $2,139,000 after buying an additional 122,817 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

Meritor, Inc. (NYSE MTOR) opened at 18.66 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 3.03 and a beta of 2.22. The firm’s 50-day moving average is $17.42 and its 200 day moving average is $16.57. Meritor, Inc. has a 12 month low of $9.84 and a 12 month high of $19.61.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.20. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The firm had revenue of $920 million during the quarter, compared to the consensus estimate of $846.19 million. During the same period last year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Meritor, Inc. will post $1.69 EPS for the current fiscal year.

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Several research analysts have commented on MTOR shares. BidaskClub upgraded shares of Meritor from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 25th. UBS AG restated a “neutral” rating and set a $19.00 price objective (up from $18.00) on shares of Meritor in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Barclays PLC boosted their price objective on shares of Meritor from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $19.57.

In other news, SVP Robert H. Speed sold 4,192 shares of Meritor stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the completion of the sale, the senior vice president now directly owns 30,000 shares of the company’s stock, valued at approximately $576,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.87% of the company’s stock.

Meritor Company 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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