Meritor (MTOR) Position Raised by Oberweis Asset Management Inc; Fleetcor Technologies (FLT) Valuation Declined While 12 West Capital Management LP Has Cut Its Stake

June 19, 2018 - By Nellie Frank

Meritor, Inc. (NYSE:MTOR) Logo

Oberweis Asset Management Inc increased its stake in Meritor Inc. (MTOR) by 70.05% based on its latest 2018Q1 regulatory filing with the SEC. Oberweis Asset Management Inc bought 71,050 shares as the company’s stock declined 16.11% with the market. The institutional investor held 172,480 shares of the capital goods company at the end of 2018Q1, valued at $3.55 million, up from 101,430 at the end of the previous reported quarter. Oberweis Asset Management Inc who had been investing in Meritor Inc. for a number of months, seems to be bullish on the $1.88B market cap company. The stock increased 0.89% or $0.19 during the last trading session, reaching $21.42. About 610,966 shares traded. Meritor, Inc. (NYSE:MTOR) has risen 33.96% since June 19, 2017 and is uptrending. It has outperformed by 21.39% the S&P500. Some Historical MTOR News: 30/04/2018 – Meritor Acquires AA Gear & Manufacturing; 21/05/2018 – AFH Financial Group Plc ACQUISITION OF THE ASSETS OF MERITOR LIMITED; 30/04/2018 – MERITOR BUYS AA GEAR & MANUFACTURING; 23/05/2018 – Columbus McKinnon Appoints Aziz S. Aghili to Board of Directors; 03/05/2018 – MERITOR INC MTOR.N SEES FY 2018 ADJUSTED SHR $2.70 TO $2.85 FROM CONTINUING OPERATIONS; 01/05/2018 – Meritor® Announces Collaboration with Peterbilt on All-Electric Class 8 Trucks; 12/03/2018 – Meritor: Cheri Lantz to Remain Chief Strategy Officer, Assumes Responsibility for Engineering Activities; 09/04/2018 – Neuberger Berman Intrinsic Adds Impinj, Exits Meritor; 12/03/2018 – Meritor Announces Executive Appointments; 17/04/2018 – DEEP ECO: Meritor May Benefit, Industry Posts 11th Straight Gain

12 West Capital Management Lp decreased its stake in Fleetcor Technologies Inc (FLT) by 38.59% based on its latest 2018Q1 regulatory filing with the SEC. 12 West Capital Management Lp sold 351,475 shares as the company’s stock declined 0.90% with the market. The hedge fund held 559,301 shares of the miscellaneous company at the end of 2018Q1, valued at $113.26M, down from 910,776 at the end of the previous reported quarter. 12 West Capital Management Lp who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $19.76B market cap company. The stock increased 6.45% or $13.35 during the last trading session, reaching $220.44. About 4.55 million shares traded or 580.46% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has risen 43.29% since June 19, 2017 and is uptrending. It has outperformed by 30.72% the S&P500. Some Historical FLT News: 03/05/2018 – FleetCor Sees 2018 Adj EPS $10.20-Adj EPS $10.50; 07/03/2018 – The Shuman Law Firm Investigates FleetCor Technologies, Inc; 03/05/2018 – FLEETCOR TECHNOLOGIES – ON APRIL 26, CO PERSONNEL IDENTIFIED SUSPICIOUS ACTIVITY ON SYSTEMS INVOLVING CO’S STORED VALUE SOLUTIONS GIFT CARD BUSINESS; 03/05/2018 – FLEETCOR 1Q REV. $585.5M, EST. $599.5M; 22/03/2018 – FleetCor Closes Below 50-Day Moving Average: Technicals; 09/04/2018 – FleetCor Boosts CEO Clarke’s Pay 79% to $52.6 Million for 2017; 10/05/2018 – FLEETCOR -CO INCURRED & EXPECTS TO CONTINUE TO INCUR LEGAL & OTHER PROFESSIONAL EXPENSES RELATED TO UNAUTHORIZED ACCESS INCIDENT IN FUTURE PERIODS; 25/05/2018 – FLEETCOR INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of FleetCor Technologies, Inc. – FLT; 03/05/2018 – FLEETCOR SEES FY ADJ EPS $10.20 TO $10.50, EST. $10.30; 03/05/2018 – FleetCor Sees 2018 Rev $2.39B-$2.45B

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.40, from 1.2 in 2017Q4. It dived, as 39 investors sold FLT shares while 148 reduced holdings. 53 funds opened positions while 97 raised stakes. 80.19 million shares or 2.14% less from 81.94 million shares in 2017Q4 were reported. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 15,000 shares. Kbc Grp Nv invested in 20,757 shares or 0.04% of the stock. Cadinha And Limited Liability Company holds 1,160 shares or 0.05% of its portfolio. Schwab Charles Mgmt has invested 0.03% in FleetCor Technologies, Inc. (NYSE:FLT). Three Peaks Capital Mngmt Ltd holds 9,046 shares or 0.31% of its portfolio. Atlantic Grp Ltd Llc owns 378,801 shares for 0.33% of their portfolio. Arizona State Retirement System, Arizona-based fund reported 6,000 shares. Regions Fincl owns 12,813 shares. Smith Asset Management Ltd Partnership accumulated 130,419 shares. Reilly Fincl Advisors Ltd Liability Corporation reported 0% stake. Element Cap Mgmt Ltd Liability Co holds 0.01% or 2,745 shares. Tributary Mngmt Ltd Limited Liability Company stated it has 0.23% in FleetCor Technologies, Inc. (NYSE:FLT). American Century Companies reported 520,136 shares stake. Sterling Mgmt Limited Liability Com holds 7,449 shares. Avenir Corporation holds 49,070 shares.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on August, 2. They expect $2.35 earnings per share, up 28.42% or $0.52 from last year’s $1.83 per share. FLT’s profit will be $210.65 million for 23.45 P/E if the $2.35 EPS becomes a reality. After $2.38 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -1.26% negative EPS growth.

More notable recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Gurufocus.com which released: “US Market Indexes Close Mostly Lower on Monday” on June 18, 2018, also Prnewswire.com with their article: “NVIDIA Set to Join S&P 100; FleetCor Technologies to Join S&P 500; Penn Virginia to Join S&P SmallCap 600” published on June 15, 2018, Globenewswire.com published: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …” on May 22, 2018. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) were released by: Seekingalpha.com and their article: “PVAC +3.7%, FLT +4.5% on index changes; NVDA to S&P 100” published on June 15, 2018 as well as Streetinsider.com‘s news article titled: “NVIDIA (NVDA) Set to Join S&P 100; FleetCor Technologies (FLT) to Join S&P 500; Penn Virginia (PVAC) to Join S&P …” with publication date: June 17, 2018.

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, October 11 with “Buy”. On Friday, August 5 the stock rating was upgraded by Oppenheimer to “Outperform”. Evercore upgraded the stock to “Buy” rating in Friday, March 18 report. Raymond James upgraded the shares of FLT in report on Tuesday, May 2 to “Strong Buy” rating. On Friday, May 4 the stock rating was maintained by Morgan Stanley with “Overweight”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The company was initiated on Friday, April 15 by Compass Point. The rating was initiated by Credit Suisse on Friday, December 11 with “Neutral”. The firm earned “Hold” rating on Wednesday, September 30 by Evercore. The firm has “Positive” rating by Susquehanna given on Thursday, August 6.

Since February 2, 2018, it had 0 insider buys, and 5 selling transactions for $7.89 million activity. Shares for $4.06 million were sold by Craig Jeffrey A. Villavarayan Chris also sold $515,009 worth of Meritor, Inc. (NYSE:MTOR) on Friday, February 2. Another trade for 15,826 shares valued at $405,856 was made by Plomin Joseph A. on Monday, February 26.

Another recent and important Meritor, Inc. (NYSE:MTOR) news was published by Equitiesfocus.com which published an article titled: “Meritor Inc (NYSE:MTOR) Shares Sold by Rhumbline Advisers” on June 19, 2018.

Oberweis Asset Management Inc, which manages about $1.10 billion and $381.00M US Long portfolio, decreased its stake in Tal Education Group Adr (NYSE:XRS) by 55,200 shares to 96,936 shares, valued at $3.60 million in 2018Q1, according to the filing. It also reduced its holding in Lhc Group Inc. (NASDAQ:LHCG) by 5,017 shares in the quarter, leaving it with 140,113 shares, and cut its stake in Patrick Industries Inc. (NASDAQ:PATK).

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.56, from 1.41 in 2017Q4. It dived, as 36 investors sold MTOR shares while 76 reduced holdings. 41 funds opened positions while 54 raised stakes. 78.73 million shares or 2.64% less from 80.86 million shares in 2017Q4 were reported. Pub Employees Retirement Association Of Colorado accumulated 17,069 shares. Dreman Value L L C holds 0.17% or 18,045 shares. Huntington Bancshares stated it has 165 shares or 0% of all its holdings. Pennsylvania-based Pnc Fincl Svcs Gru Inc has invested 0% in Meritor, Inc. (NYSE:MTOR). Cipher Lp stated it has 89,037 shares. Janney Montgomery Scott Ltd Llc invested 0.01% in Meritor, Inc. (NYSE:MTOR). Moreover, Point72 Asia (Hong Kong) Limited has 0.15% invested in Meritor, Inc. (NYSE:MTOR). D E Shaw And holds 39,353 shares. Loomis Sayles And Co LP invested in 0% or 1,322 shares. Elk Creek Ptnrs Ltd Llc holds 0.48% of its portfolio in Meritor, Inc. (NYSE:MTOR) for 400,002 shares. Monarch Asset Mgmt Limited Liability has 1.2% invested in Meritor, Inc. (NYSE:MTOR) for 626,973 shares. Tower Research Cap Limited Liability Corporation (Trc) invested 0.03% of its portfolio in Meritor, Inc. (NYSE:MTOR). Highbridge Ltd Liability holds 0.02% of its portfolio in Meritor, Inc. (NYSE:MTOR) for 62,468 shares. Great West Life Assurance Company Can holds 0% or 8,361 shares. Pub Employees Retirement Of Ohio reported 175,115 shares.

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