A Reversal for Meritor Inc Is Not Near. The Stock Declines Again

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The stock of Meritor Inc (MTOR) is a huge mover today! The stock is down 4.28% or $0.46 after the news, hitting $10.3 per share. About 3.36 million shares traded hands or 148.89% up from the average. Meritor Inc (NYSE:MTOR) has declined 14.19% since April 9, 2015 and is downtrending. It has underperformed by 13.74% the S&P500.
The move comes after 9 months negative chart setup for the $1.06B company. It was reported on Nov, 11 by Barchart.com. We have $6.80 PT which if reached, will make MTOR worth $360.40M less.

According to Zacks, “Meritor, Inc., formerly known as ArvinMeritor, Inc., supplies drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. The Company serves commercial truck, trailer, off-highway, defense, and specialty and aftermarket customers around the globe. It operates in three segments: Commercial Truck, Industrial, and Aftermarket & Trailer. The Company sells its products under the brand names of Meritor, Euclid, Mascot, Trucktechnic, Meritor WABCO, and Gabriel to motor carriers, OE dealers, and independent distributors. Meritor, Inc. is based in Troy, Michigan.”

The institutional sentiment decreased to 0.91 in Q2 2015. Its down 0.03, from 0.94 in 2015Q1. The ratio fall, as 24 funds sold all Meritor Inc shares owned while 69 reduced positions. 27 funds bought stakes while 58 increased positions. They now own 86.39 million shares or 3.27% less from 89.31 million shares in 2015Q1.

Lasry Marc holds 10.3% of its portfolio in Meritor Inc for 7.21 million shares. Moon Capital Management Lp owns 911,507 shares or 6.7% of their US portfolio. Moreover, Towle & Co has 3.13% invested in the company for 1.29 million shares. The New York-based Sandell Asset Management Corp has invested 2.06% in the stock. Anchor Bolt Capital Lp, a Illinois-based fund reported 1.74 million shares.

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