Stock Traders Buy High Volume of Meritor Call Options (MTOR)

Meritor Inc (NYSE:MTOR) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 4,076 call options on the stock. This represents an increase of 1,462% compared to the average volume of 261 call options.

Shares of Meritor (NYSE:MTOR) opened at $24.12 on Friday. Meritor has a 52-week low of $12.82 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78. The company has a market cap of $2,150.00, a P/E ratio of 6.63 and a beta of 2.29.

Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. equities research analysts anticipate that Meritor will post 2.43 earnings per share for the current year.

In related news, SVP Chris Villavarayan sold 14,053 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.64, for a total transaction of $346,265.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Craig sold 67,005 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $24.63, for a total transaction of $1,650,333.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,290 shares of company stock worth $3,549,231. Company insiders own 2.32% of the company’s stock.

Several large investors have recently made changes to their positions in MTOR. Schwab Charles Investment Management Inc. increased its position in shares of Meritor by 7.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 594,077 shares of the auto parts company’s stock valued at $9,868,000 after purchasing an additional 41,624 shares during the last quarter. KBC Group NV purchased a new stake in shares of Meritor in the 2nd quarter valued at approximately $758,000. Marshall Wace North America L.P. purchased a new stake in shares of Meritor in the 2nd quarter valued at approximately $1,232,000. Federated Investors Inc. PA increased its position in shares of Meritor by 21.2% in the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Meritor in the 2nd quarter valued at approximately $277,000. 95.54% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on MTOR. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. UBS Group upped their target price on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Barclays reaffirmed an “equal weight” rating and set a $21.00 target price (up from $17.00) on shares of Meritor in a research note on Tuesday, September 12th. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Longbow Research downgraded shares of Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.14.

WARNING: This piece was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://transcriptdaily.com/2018/01/06/stock-traders-buy-high-volume-of-meritor-call-options-mtor.html.

About Meritor

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

Receive News & Ratings for Meritor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply