Meritor’s (MTOR) “Hold” Rating Reaffirmed at Barclays

Barclays reiterated their hold rating on shares of Meritor (NYSE:MTOR) in a research report report published on Wednesday, AnalystRatings.com reports. They currently have a $24.00 price target on the auto parts company’s stock.

Separately, ValuEngine lowered shares of Meritor from a hold rating to a sell rating in a report on Monday, December 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $24.55.

Shares of MTOR stock opened at $23.33 on Wednesday. The firm’s 50 day moving average price is $24.65 and its 200-day moving average price is $21.85. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 1.30. Meritor has a one year low of $15.96 and a one year high of $27.18. The firm has a market cap of $1.88 billion, a P/E ratio of 6.90 and a beta of 2.29.

Meritor (NYSE:MTOR) last issued its quarterly earnings data on Wednesday, November 13th. The auto parts company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.68 by $0.15. Meritor had a net margin of 6.63% and a return on equity of 78.25%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts predict that Meritor will post 2.8 EPS for the current fiscal year.

In other Meritor news, SVP Chris Villavarayan sold 13,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.50, for a total transaction of $330,750.00. Following the sale, the senior vice president now directly owns 13,716 shares in the company, valued at approximately $336,042. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Paul Bialy sold 3,465 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $24.73, for a total transaction of $85,689.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,728 shares of company stock worth $6,179,082. Company insiders own 3.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its holdings in Meritor by 214,000.0% during the 3rd quarter. Huntington National Bank now owns 2,141 shares of the auto parts company’s stock worth $40,000 after buying an additional 2,140 shares in the last quarter. Howe & Rusling Inc. acquired a new stake in Meritor during the 3rd quarter worth approximately $46,000. Meeder Asset Management Inc. lifted its holdings in Meritor by 263.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,204 shares of the auto parts company’s stock worth $95,000 after buying an additional 3,771 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Meritor during the 3rd quarter worth approximately $142,000. Finally, Winmill & CO. Inc. acquired a new stake in Meritor during the 4th quarter worth approximately $261,000. Institutional investors own 95.56% 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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Analyst Recommendations for Meritor (NYSE:MTOR)

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