Gotham Asset Management LLC Sells 9,723 Shares of Meritor Inc (MTOR)

Gotham Asset Management LLC cut its stake in shares of Meritor Inc (NYSE:MTOR) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,164 shares of the auto parts company’s stock after selling 9,723 shares during the period. Gotham Asset Management LLC owned about 0.43% of Meritor worth $6,040,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Strs Ohio lifted its position in Meritor by 146.2% in the 4th quarter. Strs Ohio now owns 3,200 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,900 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Meritor by 155.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,367 shares of the auto parts company’s stock valued at $141,000 after buying an additional 5,098 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Meritor during the third quarter valued at approximately $198,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Meritor during the fourth quarter valued at approximately $193,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Meritor during the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

Meritor stock traded down $0.28 during mid-day trading on Monday, reaching $23.33. 827,492 shares of the stock traded hands, compared to its average volume of 919,221. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.62 and a current ratio of 1.08. Meritor Inc has a 12-month low of $15.01 and a 12-month high of $23.77. The stock has a market cap of $1.97 billion, a PE ratio of 7.70 and a beta of 2.10.

Meritor (NYSE:MTOR) last announced its quarterly earnings results on Tuesday, January 29th. The auto parts company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $967.98 million. Meritor had a return on equity of 89.57% and a net margin of 5.63%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, sell-side analysts predict that Meritor Inc will post 3.36 EPS for the current fiscal year.

Several brokerages recently weighed in on MTOR. Royal Bank of Canada cut Meritor from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $18.00 to $19.00 in a research note on Wednesday, January 23rd. ValuEngine raised Meritor from a “strong sell” rating to a “sell” rating in a research note on Monday, December 17th. Finally, Barclays reissued a “hold” rating and issued a $21.00 target price on shares of Meritor in a report on Sunday, March 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.00.

In other Meritor news, SVP Chris Villavarayan sold 34,246 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $21.31, for a total transaction of $729,782.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy J. Heffron sold 36,940 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $22.00, for a total value of $812,680.00. Following the transaction, the senior vice president now owns 31,741 shares in the company, valued at $698,302. The disclosure for this sale can be found here. Insiders sold a total of 82,334 shares of company stock valued at $1,772,790 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

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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 & Trailer; and Aftermarket & Industrial.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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