Blue Rock Advisors LLC Has $921,000 Position in Meritor, Inc. (MTOR)

Blue Rock Advisors LLC boosted its holdings in Meritor, Inc. (NYSE:MTOR) by 188.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,400 shares of the auto parts company’s stock after acquiring an additional 23,147 shares during the quarter. Blue Rock Advisors LLC’s holdings in Meritor were worth $921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its position in Meritor by 6.0% in the 1st quarter. Geode Capital Management LLC now owns 678,036 shares of the auto parts company’s stock valued at $11,614,000 after acquiring an additional 38,551 shares during the period. BlackRock Inc. boosted its stake in Meritor by 22,259.3% during the 1st quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock valued at $102,629,000 after purchasing an additional 5,964,374 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Meritor during the 2nd quarter valued at $188,000. Rosenblum Silverman Sutton S F Inc. CA bought a new position in Meritor during the 3rd quarter valued at $1,135,000. Finally, Marshall Wace North America L.P. bought a new position in Meritor during the 2nd quarter valued at $1,232,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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Meritor, Inc. (NYSE:MTOR) traded up $0.16 on Monday, hitting $23.87. The stock had a trading volume of 2,419,100 shares, compared to its average volume of 1,186,683. The company has a market cap of $2,114.49, a price-to-earnings ratio of 12.83 and a beta of 2.34. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 2.55. Meritor, Inc. has a 1-year low of $12.18 and a 1-year high of $27.96.

Meritor (NYSE:MTOR) last released its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.15. The business 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%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. equities research analysts expect that Meritor, Inc. will post 2.37 EPS for the current fiscal year.

A number of brokerages have issued reports on MTOR. Royal Bank Of Canada decreased their price target on Meritor from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays PLC set a $22.00 price target on Meritor and gave the company a “hold” rating in a research note on Friday, October 20th. UBS AG increased their price target on Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Longbow Research lowered Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Meritor currently has a consensus rating of “Buy” and an average target price of $25.75.

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.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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