Type
|
Company |
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Industry | Commercial vehicles systems and components |
Founder | Ivor J. Evans |
Headquarters | 2135 W. Maple Road, Troy, MI 48084, United States of America |
Website | www.meritor.com |
Meritor, Inc. (NYSE: MTOR) is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company.
In 1997, Rockwell International spun off its automotive business as Meritor. In 2000, ArvinMeritor was formed from the merger of Meritor Automotive, Inc., and Arvin Industries, Inc.
On February 1, 2011, it was announced that the company would revert its name to Meritor, Inc. at the Mid-American Truck Show in late March. The name change was successfully completed and launched on March 30, 2011.
Charles "Chip" McClure, former president and COO of Federal Mogul Corp., served as the CEO of Meritor from 2004 to 2013. Under his executive management, Meritor completed the divestiture of the passenger vehicle business segment in January 2011. This officially categorized this global manufacturer/supplier outside of the automotive industry. With its focal point on commercial vehicle system component production, Meritor announced continuous sales loss with total revenue at $63 million in 2011 and $52 million in 2012. August 2013, Ivor J.”Ike” Evans was named as the new interim CEO of Meritor, who has been a member of Board of Directors of Meritor Inc. since 2005. Ivor Evans served as the president and chief operating officer of Union Pacific Railroad from 1998 to 2004, and as the vice chairman of Union Pacific Cooperation from January 2004 to 2005. In July 2015, Jeffrey "Jay" Craig was named CEO of Meritor.
The business of Meritor consists of axles, brake and safety systems, drivelines, suspensions, trailers, aftermarket solutions for defense industries and commercial vehicles including truck, trailer, bus/coach, and off-highway. Meritor engineers diversiform products supplying different OEMs including Daimler, Navistar, and Volvo.
Employing more than 4700 employees, the business facilities in North America contain various distribution locations in Canada, multiple production plants in Mexico, and facilities of administration, production, distribution, sales, and technical centers in the United States.
The Meritor business in South America, which was established in Brazil, employs more than 1700 employees. There are four manufacturing facilities, one distribution center, two engineering centers, three administrative offices, and one sales office.
Meritor has administrative offices distributed in France, Netherlands, Russia, Switzerland, Turkey, and United Kingdom,and production facilities in Italy, Sweden, Belgium, United Kingdom, as well as France, and one sales location in Spain.
Meritor launches productions in Australia and Singapore, as well as development joint ventures, distribution centers, and sales locations in China and India. The company employs nearly 1800 employees in Asia Pacific region and has been present in the region for close to 30 years.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2022 | 2022-11-15 | Future report Set alerts | |
Q3 2022 | 2022-08-02 | Future report Set alerts | |
Q2 2022 | 2022-05-03 | 0.98 | 0.98 |
Q1 2022 | 2022-02-03 | 0.80 | 0.80 |
Q4 2021 | 2021-11-17 | 0.80 | 0.80 |
Q3 2021 | 2021-08-04 | 0.62 | 0.62 |
Q2 2021 | 2021-05-04 | 0.68 | 0.68 |
Q1 2021 | 2021-02-03 | 0.60 | 0.60 |
Q4 2020 | 2020-11-12 | 0.00 | 0.00 |
Q3 2020 | 2020-07-29 | -0.47 | -0.50 |
2016-06-28 | Downgrade | Piper Jaffray | Neutral to Underweight | $6.50 to $6.00 |
2016-06-28 | Downgrade | Piper Jaffray Cos. | Neutral to Underweight | $6.50 to $6.00 |
2016-03-03 | Reiterated Rating | Morgan Stanley | Outperform | |
2016-02-04 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $8.50 to $8.00 |
2016-01-25 | Lower Price Target | Barclays | Equal Weight | $10.00 to $8.00 |
2016-01-25 | Lower Price Target | Barclays PLC | Equal Weight | $10.00 to $8.00 |
2015-12-16 | Reiterated Rating | Barclays | Hold | |
2015-12-15 | Lower Price Target | Barclays | Equal Weight | $14.00 to $10.00 |
2015-12-11 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $13.00 to $11.50 |
2015-11-12 | Reiterated Rating | Piper Jaffray | Hold | $14.00 to $12.00 |
2015-10-20 | Lower Price Target | JPMorgan Chase & Co. | $15.00 to $13.00 | |
2015-10-16 | Lower Price Target | Barclays | $15.00 to $14.00 | |
2015-08-14 | Upgrade | Longbow Research | Neutral to Buy | $17.00 |
2015-07-31 | Reiterated Rating | Longbow Research | Neutral | |
2015-06-05 | Reiterated Rating | Longbow Research | Neutral | |
2015-05-22 | Initiated Coverage | Stifel Nicolaus | Hold | |
2015-05-07 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $13.50 to $14.00 |
2015-04-21 | Lower Price Target | Citigroup Inc. | Neutral | $16.00 to $15.00 |
2015-04-20 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $15.50 to $13.50 |
2015-03-19 | Downgrade | Barclays | Overweight to Equal Weight | $17.00 to $15.00 |
2015-01-26 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $16.00 to $16.50 |
2015-01-09 | Boost Price Target | Citigroup Inc. | Neutral | $15.00 to $16.00 |
2014-11-14 | Downgrade | Goldman Sachs | Buy to Neutral | $14.00 to $15.00 |
2014-11-14 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $14.00 to $15.00 |
2014-11-13 | Downgrade | Piper Jaffray | Overweight to Neutral | |
2014-10-07 | Initiated Coverage | Longbow Research | Neutral | |
2014-09-22 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $14.50 to $15.50 |
2014-07-16 | Initiated Coverage | Piper Jaffray | Overweight | $15.00 |
2014-07-14 | Lower Price Target | Goldman Sachs | $16.00 to $15.00 | |
2014-06-24 | Upgrade | CRT Capital | Fair Value to Buy | $14.00 to $15.00 |
2014-06-24 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $15.50 to $14.50 |
2014-05-28 | Boost Price Target | Morgan Stanley | Positive | $12.00 to $15.00 |
2014-05-02 | Reiterated Rating | Barclays | Overweight | $15.00 |
2014-05-02 | Boost Price Target | JPMorgan Chase & Co. | $13.00 to $15.50 | |
2014-04-10 | Reiterated Rating | Barclays | Overweight | $12.00 to $14.00 |
2014-03-03 | Downgrade | Citigroup Inc. | Buy to Neutral | $9.00 to $15.00 |
2014-02-10 | Boost Price Target | Morgan Stanley | Overweight | $9.00 to $12.00 |
2014-01-30 | Boost Price Target | Barclays | Overweight | $10.00 to $12.00 |
2014-01-09 | Boost Price Target | Goldman Sachs | Buy | $10.00 to $12.00 |
2013-12-23 | Reiterated Rating | Morgan Stanley | Overweight | $9.00 |
2013-11-18 | Reiterated Rating | Citigroup Inc. | Buy | $10.00 to $9.00 |
2013-11-14 | Lower Price Target | Robert W. Baird | Neutral | $8.00 to $6.00 |
2013-11-14 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $10.00 to $9.00 |
2011-11-22 | Downgrade | Barclays Capital | Overweight to Equal Weight | $15 to $6 |
2011-11-18 | Downgrade | KeyBanc Capital Mkts | Buy to Hold |
2016-06-28 | Downgrade | Piper Jaffray | Neutral to Underweight | $6.50 to $6.00 |
2016-06-28 | Downgrade | Piper Jaffray Cos. | Neutral to Underweight | $6.50 to $6.00 |
2016-03-03 | Reiterated Rating | Morgan Stanley | Outperform | |
2016-02-04 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $8.50 to $8.00 |
2016-01-25 | Lower Price Target | Barclays | Equal Weight | $10.00 to $8.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MTOR 48 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Institutional Trust Company, N.A. | 2.68M |
BlackRock Fund Advisors | 2.53M |
TEACHERS ADVISORS INC | 1.02M |
GOLDMAN SACHS GROUP INC | 0.82M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.49M |
AHL Partners LLP | 0.46M |
Cortina Asset Management, LLC | 0.41M |
Elk Creek Partners, LLC | 0.40M |
IndexIQ Advisors LLC | 0.37M |
BlackRock Investment Management, LLC | 0.33M |
PARAMETRIC PORTFOLIO ASSOCIATES LLC | 0.28M |
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.21M |
PACIFIC ALTERNATIVE ASSET MANAGEMENT COMPANY, LLC | 0.13M |
RUSSELL FRANK CO/ | 0.13M |
Marshall Wace North America, L.P. | 0.10M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
MCCLURE CHARLES G Chairman, CEO and President | 1.34% (1307267) | BGC / CR / DDD / DTE / MTOR / REMY / |
EVANS IVOR J | 0.42% (413941) | MTOR / SPR / TXT / |
Craig Jeffrey A Sr.VP, CFO | 0.28% (270310) | MTOR / |
BAKER VERNON G II Senior VP and General Counsel | 0.27% (260428) | MTOR / |
NEWLIN WILLIAM R | 0.26% (255415) | CCC / KMT / MTOR / |
Lehmann Mary A Sr. VP, Treasury and Corporate | 0.20% (193534) | MTOR / |
ANDERSON JOSEPH B JR | 0.11% (105455) | KWR / MTOR / RAD / VCI / |
Bridges Victoria J | 0.11% (105211) | MTOR / RRTS / |
Bowes Timothy Earl Joseph VP&Pres, Commercial Truck | 0.11% (105041) | AXL / MTOR / |
Ott Larry Senior VP, Human Resources | 0.11% (104884) | CPS / MTOR / |
MARLEY JAMES E | 0.10% (96911) | MTOR / |
DEVONSHIRE DAVID W | 0.09% (89488) | CECO / MTOR / ROP / |
Plomin Joseph A. Pres., International | 0.08% (77989) | MTOR / |
LYONS WILLIAM J | 0.08% (74417) | CCC / MTOR / |
Ferro Pedro N VP&Pres, Industrial | 0.07% (70790) | MTOR / |
Mejaly Joseph Leonard VP&Pres, Aftermarket &Trailer | 0.07% (65935) | MTOR / |
Pajonas Thomas L | 0.05% (47862) | FLS / MTOR / |
Novak Barbara Griffin VP&Corporate Secretary | 0.05% (46017) | MTOR / |
Nowlan Kevin Controller | 0.04% (43450) | MTOR / |
TROTTER LLOYD G | 0.04% (42953) | MTOR / PEP / TXT / |
Heffron Timothy J. VP, HR & CIO | 0.03% (31741) | MTOR / |
BROOKS RHONDA L | 0.03% (26838) | MTOR / |
Bertsch Jan | 0.02% (22877) | BWC / MTOR / OI / SIAL / |
Bialy Paul VP, Controller & PAO | 0.02% (19009) | MTOR / |
Villavarayan Chris Pres., Americas | 0.02% (18954) | MTOR / |
Quick Sandra J. Senior VP, GC & Corp Sec | 0.01% (8734) | MTOR / |