Meritor Inc (NYSE:MTOR) Institutional Investor Positioning Change

July 18, 2017 - By Darrin Black

 Meritor Inc (NYSE:MTOR) Institutional Investor Positioning Change

Sentiment for Meritor Inc (NYSE:MTOR)

Meritor Inc (NYSE:MTOR) institutional sentiment increased to 1.33 in 2016 Q4. Its up 0.18, from 1.15 in 2016Q3. The ratio is more positive, as 88 funds started new or increased positions, while 66 decreased and sold stakes in Meritor Inc. The funds in our partner’s database now have: 78.56 million shares, down from 78.93 million shares in 2016Q3. Also, the number of funds holding Meritor Inc in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 14 Reduced: 52 Increased: 46 New Position: 42.

Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation and industrial sectors. The company has market cap of $1.58 billion. The Company’s divisions include Commercial Truck & Industrial and Aftermarket & Trailer. It has a 2.89 P/E ratio. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific.

The stock decreased 0.44% or $0.08 on July 17, reaching $17.95. About shares traded. Meritor Inc (NYSE:MTOR) has risen 104.71% since July 18, 2016 and is uptrending. It has outperformed by 88.01% the S&P500.

Analysts expect Meritor Inc (NYSE:MTOR) to report $0.46 EPS on August, 2.They anticipate $0.11 EPS change or 19.30 % from last quarter’s $0.57 EPS. MTOR’s profit would be $40.49 million giving it 9.76 P/E if the $0.46 EPS is correct. After having $0.35 EPS previously, Meritor Inc’s analysts see 31.43 % EPS growth.

Towle & Co holds 4.28% of its portfolio in Meritor Inc for 2.57 million shares. Anchor Bolt Capital Lp owns 3.33 million shares or 1.43% of their US portfolio. Moreover, Glenview Capital Management Llc has 0.68% invested in the company for 8.13 million shares. The Unknown-based Mckinley Capital Management Llc Delaware has invested 0.53% in the stock. First Heartland Consultants Inc., a Missouri-based fund reported 23,131 shares.#img1#

Since January 1, 0001, it had 1 buying transaction, and 8 insider sales for $3.18 million activity.

Meritor Inc (NYSE:MTOR) Ratings Coverage

Ratings analysis reveals 50% of Meritor’s analysts are positive. Out of 8 Wall Street analysts rating Meritor, 4 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $8 while the high is $22. The stock’s average target of $14.60 is -18.66% below today’s ($17.95) share price. MTOR was included in 14 notes of analysts from August 14, 2015. The rating was downgraded by Piper Jaffray on Tuesday, June 28 to “Underweight”. Barclays Capital maintained Meritor Inc (NYSE:MTOR) on Wednesday, November 23 with “Equal-Weight” rating. The rating was upgraded by Longbow on Friday, August 14 to “Buy”. The firm has “Outperform” rating given on Monday, May 15 by RBC Capital Markets. The company was maintained on Monday, January 25 by Barclays Capital. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, March 23. UBS maintained the stock with “Neutral” rating in Thursday, November 12 report. Stifel Nicolaus upgraded it to “Buy” rating and $17 target in Thursday, January 26 report. Barclays Capital maintained the shares of MTOR in report on Tuesday, December 15 with “Equal Weight” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, February 21.

More recent Meritor Inc (NYSE:MTOR) news were published by: Prnewswire.com which released: “Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2017 Third …” on July 06, 2017. Also Businesswire.com published the news titled: “Announce New Standard Supplier Agreement” on July 13, 2017. Prnewswire.com‘s news article titled: “Meritor Appoints Cheri Lantz Vice President and Chief Strategy Officer” with publication date: July 17, 2017 was also an interesting one.

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