Matarin Capital Management LLC purchased a new stake in shares of Meritor Inc (NYSE:MTOR) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 500,620 shares of the auto parts company’s stock, valued at approximately $10,293,000. Matarin Capital Management LLC owned approximately 0.57% of Meritor as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank boosted its position in shares of Meritor by 3.6% during the fourth quarter. Swiss National Bank now owns 145,600 shares of the auto parts company’s stock valued at $3,416,000 after purchasing an additional 5,000 shares in the last quarter. Deutsche Bank AG boosted its holdings in Meritor by 14.6% in the fourth quarter. Deutsche Bank AG now owns 1,470,445 shares of the auto parts company’s stock worth $34,495,000 after acquiring an additional 187,583 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in Meritor in the fourth quarter worth $483,000. Geode Capital Management LLC boosted its holdings in Meritor by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 787,670 shares of the auto parts company’s stock worth $18,478,000 after acquiring an additional 64,853 shares in the last quarter. Finally, Paloma Partners Management Co boosted its holdings in Meritor by 123.2% in the fourth quarter. Paloma Partners Management Co now owns 18,652 shares of the auto parts company’s stock worth $437,000 after acquiring an additional 10,297 shares in the last quarter. Institutional investors own 93.02% of the company’s stock.
MTOR has been the topic of several analyst reports. Longbow Research raised Meritor from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Barclays boosted their target price on Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Meritor in a report on Wednesday, January 31st. Finally, Stifel Nicolaus boosted their target price on Meritor from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.41.
Shares of Meritor opened at $21.55 on Thursday, MarketBeat reports. The firm has a market cap of $1.93 billion, a PE ratio of 11.46 and a beta of 2.55. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.72 and a current ratio of 1.16. Meritor Inc has a 1 year low of $14.97 and a 1 year high of $29.54.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Thursday, May 3rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $974.09 million. Meritor had a return on equity of 115.74% and a net margin of 8.08%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. research analysts predict that Meritor Inc will post 2.78 earnings per share for the current fiscal year.
In other news, SVP Joseph A. Plomin sold 15,826 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $25.64, for a total transaction of $405,778.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.32% 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 & Industrial; and Aftermarket & Trailer.
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