State of New Jersey Common Pension Fund D Takes Position in Meritor, Inc. (NYSE:MTOR)

State of New Jersey Common Pension Fund D acquired a new stake in Meritor, Inc. (NYSE:MTORGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,249 shares of the auto parts company’s stock, valued at approximately $2,534,000. State of New Jersey Common Pension Fund D owned 0.10% of Meritor as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Meritor by 6,666.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,015 shares of the auto parts company’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Point72 Hong Kong Ltd raised its position in shares of Meritor by 121.8% during the fourth quarter. Point72 Hong Kong Ltd now owns 3,648 shares of the auto parts company’s stock worth $90,000 after purchasing an additional 2,003 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Meritor by 38.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,075 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 1,418 shares during the period. Bailard Inc. acquired a new stake in shares of Meritor during the fourth quarter worth $211,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Meritor during the fourth quarter worth $221,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Meritor Stock Up 0.2 %

Shares of Meritor stock opened at $36.49 on Tuesday. The stock’s fifty day moving average is $36.21 and its 200-day moving average is $33.72. The firm has a market capitalization of $2.59 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The company has a quick ratio of 0.79, a current ratio of 1.40 and a debt-to-equity ratio of 1.42. Meritor, Inc. has a 12-month low of $20.50 and a 12-month high of $36.49.

Meritor (NYSE:MTORGet Rating) last announced its earnings results on Tuesday, May 3rd. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Meritor had a return on equity of 34.85% and a net margin of 5.37%. Meritor’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Equities analysts anticipate that Meritor, Inc. will post 3.65 earnings per share for the current year.

About Meritor

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Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components in North America, South America, Europe, and the Asia Pacific. It operates through two segments, Commercial Truck, and Aftermarket and Industrial. The company offers axles, including front steer and rear drive axles for medium- and heavy-duty commercial vehicles; heavy-duty trailer axles; suspension modules and brake products comprising drum and disc brakes; universal joints and driveline components; trailer air suspension systems and products; transfer cases and drivelines; and advanced suspension modules for use in light-, medium- and heavy-duty military tactical wheeled vehicles.

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Institutional Ownership by Quarter for Meritor (NYSE:MTOR)

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