Weber Alan W adds Meritor Inc (MTOR) to its portfolio

Meritor Inc (MTOR) : Weber Alan W added new position in Meritor Inc during the most recent quarter end. The investment management firm now holds 32,600 shares of Meritor Inc which is valued at $334,150 , the company said in a statement filed on Aug 11, 2016 with the SEC.Meritor Inc makes up approximately 0.21% of Weber Alan W’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in MTOR by selling 82,235 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 2,059,631 shares of MTOR which is valued at $21,111,218.Tower Research Capital (trc) boosted its stake in MTOR in the latest quarter, The investment management firm added 4,077 additional shares and now holds a total of 7,858 shares of Meritor Inc which is valued at $80,545. Meritor Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Royce Associates Lp boosted its stake in MTOR in the latest quarter, The investment management firm added 33,000 additional shares and now holds a total of 768,581 shares of Meritor Inc which is valued at $7,893,327. Meritor Inc makes up approx 0.05% of Royce Associates Lp’s portfolio. Sg Americas Securities sold out all of its stake in MTOR during the most recent quarter. The investment firm sold 11,088 shares of MTOR which is valued $104,782.

Meritor Inc opened for trading at $10.95 and hit $11.25 on the upside on Tuesday, eventually ending the session at $10.97, with a gain of 3.49% or 0.37 points. The heightened volatility saw the trading volume jump to 10,30,249 shares. Company has a market cap of $952 M.

On the company’s financial health, Meritor Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $841.00 million for the quarter, compared to analysts expectations of $836.49 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Meritor Inc. Meritor Inc was Downgraded by Piper Jaffray to ” Underweight” on Jun 28, 2016.

Meritor Inc. is engaged in the development manufacture sale assembly distribution import and export of movement control systems for buses trailers and trucks and their parts and components. It serves commercial truck trailer bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial and aftermarket and trailer. Its commercial truck and industrial segment supplies drivetrain systems and components including axles drivelines braking and suspension systems primarily for medium- and heavy-duty trucks in North America South America and Europe. This segment also supplies components for defense construction bus and coach mining fire and emergency applications and Aftermarket and Trailer segment which supplies new and remanufactured axles brakes suspensions transmissions and components for all-makes aftermarket customers and also supplies a variety of undercarriage products and systems for trailer applications.

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