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MTOR $36.5

MTOR target price
36.50
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0
Meritor, Inc.
Type
Company
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.

Q reports

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

Ratings

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

Major Shareholders

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 /