New York State Common Retirement Fund Has $3.01 Million Position in Meritor Inc (MTOR)

New York State Common Retirement Fund reduced its position in shares of Meritor Inc (NYSE:MTOR) by 28.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,138 shares of the auto parts company’s stock after selling 57,302 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of Meritor worth $3,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Matarin Capital Management LLC acquired a new position in Meritor during the first quarter worth about $10,293,000. Northern Trust Corp grew its position in Meritor by 0.6% during the first quarter. Northern Trust Corp now owns 990,689 shares of the auto parts company’s stock worth $20,368,000 after buying an additional 5,486 shares during the period. Systematic Financial Management LP grew its position in Meritor by 94.3% during the first quarter. Systematic Financial Management LP now owns 777,323 shares of the auto parts company’s stock worth $15,982,000 after buying an additional 377,234 shares during the period. Alambic Investment Management L.P. grew its position in Meritor by 379.2% during the first quarter. Alambic Investment Management L.P. now owns 297,000 shares of the auto parts company’s stock worth $6,106,000 after buying an additional 235,018 shares during the period. Finally, Rothschild Asset Management Inc. grew its position in Meritor by 4.2% during the first quarter. Rothschild Asset Management Inc. now owns 1,409,969 shares of the auto parts company’s stock worth $28,989,000 after buying an additional 56,313 shares during the period. 92.55% of the stock is owned by hedge funds and other institutional investors.

MTOR has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Meritor from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 6th. Piper Jaffray Companies set a $35.00 target price on shares of Meritor and gave the stock a “buy” rating in a research report on Tuesday, March 13th. ValuEngine lowered shares of Meritor from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus set a $27.00 target price on shares of Meritor and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, Barclays lowered their price target on shares of Meritor from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 17th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $28.41.



MTOR stock opened at $21.47 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 11.42 and a beta of 2.50. Meritor Inc has a 12 month low of $15.45 and a 12 month high of $29.54. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 2.34.

Meritor (NYSE:MTOR) last released its quarterly earnings results on Thursday, May 3rd. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $974.09 million. Meritor had a net margin of 8.08% and a return on equity of 115.74%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. equities analysts anticipate that Meritor Inc will post 2.81 EPS for the current fiscal year.

About Meritor

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 & Industrial; and Aftermarket & Trailer.

Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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