Yesterday, the CEO & President of Meritor (MTOR), Jeffrey Craig, sold shares of MTOR for $6.35M.
Following Jeffrey Craig’s last MTOR Sell transaction on August 12, 2020, the stock climbed by 7.2%. In addition to Jeffrey Craig, one other MTOR executive reported Sell trades in the last month.
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The company has a one-year high of $33.56 and a one-year low of $10.91. Currently, Meritor has an average volume of 360.48K. MTOR’s market cap is $2.35 billion and the company has a P/E ratio of 9.50.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $32.00, reflecting a -3.5% downside.
The insider sentiment on Meritor has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Meritor, Inc. engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. It operates through the following segments: Commercial Truck and Trailer, and Aftermarket and Industrial. The Commercial Truck and Trailer segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium- and heavy-duty trucks and other applications. The Aftermarket and Trailer segment provides axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers in North America and Europe. The company was founded in 1909 and is headquartered in Troy, MI.
