Origin Asset Management LLP Buys New Stake in Meritor Inc (NYSE:MTOR)

Origin Asset Management LLP bought a new stake in Meritor Inc (NYSE:MTOR) in the 1st quarter, Holdings Channel reports. The institutional investor bought 13,413 shares of the auto parts company’s stock, valued at approximately $273,000.

Several other large investors have also recently modified their holdings of the company. Strs Ohio increased its position in shares of Meritor by 146.2% during the fourth quarter. Strs Ohio now owns 3,200 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 1,900 shares during the last quarter. Rhumbline Advisers increased its position in shares of Meritor by 45.0% during the fourth quarter. Rhumbline Advisers now owns 108,876 shares of the auto parts company’s stock worth $1,841,000 after acquiring an additional 33,773 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Meritor by 67.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,906 shares of the auto parts company’s stock worth $793,000 after acquiring an additional 18,847 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Meritor by 8.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 14,047 shares of the auto parts company’s stock worth $238,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Meritor by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,178,177 shares of the auto parts company’s stock worth $36,833,000 after acquiring an additional 87,188 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Meritor stock traded up $0.27 during midday trading on Wednesday, hitting $22.90. The stock had a trading volume of 225,358 shares, compared to its average volume of 905,488. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 1.66. The firm has a market cap of $1.87 billion, a P/E ratio of 7.56 and a beta of 2.16. Meritor Inc has a 12 month low of $15.01 and a 12 month high of $25.78.



Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, May 1st. The auto parts company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.16. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.11 billion. Meritor had a return on equity of 89.66% and a net margin of 5.86%. Meritor’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, equities research analysts anticipate that Meritor Inc will post 3.54 earnings per share for the current year.

In related news, Director Rodger L. Boehm bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $21.00 per share, for a total transaction of $42,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Chris Villavarayan sold 21,723 shares of Meritor stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $23.21, for a total value of $504,190.83. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

A number of analysts have recently issued reports on MTOR shares. Longbow Research lifted their target price on Meritor to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Monday, May 6th. Stifel Nicolaus set a $29.00 target price on Meritor and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Barclays reissued a “hold” rating and issued a $21.00 price objective on shares of Meritor in a report on Sunday, March 31st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.63.

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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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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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