A Director at Meritor (NYSE: MTOR) is Selling Shares

On August 12, a Director at Meritor (MTORResearch Report), William Newlin, sold shares of MTOR for $1.49M.

Following William Newlin’s last MTOR Sell transaction on May 09, 2017, the stock climbed by 8.2%. This is Newlin’s first Sell trade following 10 Buy transactions.

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The company has a one-year high of $27.18 and a one-year low of $10.91. Currently, Meritor has an average volume of 427.22K. MTOR’s market cap is $1.82 billion and the company has a P/E ratio of 6.90.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.25, reflecting a 6.8% upside.

The insider sentiment on Meritor has been negative according to 42 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.