NEW YORK, March 2, 2017 /PRNewswire/ --
This morning's focus is on the Auto Parts segment which operates physical retail establishments that sell and/or distribute both new and used automobile parts, supplies, batteries, and lubricants. According to Global Insight, China is the world's largest consumer of auto parts, followed by US, Japan, and Germany. Pre-market, Stock-Callers.com presents these four stocks for assessment: Meritor Inc. (NYSE: MTOR), Lear Corp. (NYSE: LEA), Autoliv Inc. (NYSE: ALV), and Westport Fuel Systems Inc. (NASDAQ: WPRT). Learn more about these stocks by downloading their free report at:
Shares in Troy, Michigan headquartered Meritor Inc. rose 3.61%, ending Wednesday's trading session at $16.94. The stock recorded a trading volume of 1.02 million shares. The Company's shares have gained 16.91% in the last one month, 33.49% over the previous three months, and 36.39% on an YTD basis. The stock is trading 18.07% and 52.39% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Meritor, which designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors worldwide, have a Relative Strength Index (RSI) of 69.77.
On February 21st, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.
On February 27th, 2017, Meritor announced that EX+L air disc brakes will be available on International® LT Series tractors. The Company stated that the EX+L delivers exceptional braking power that meets federal FMVSS 121 reduced stopping distance regulations, according to Reed. The free research report on MTOR is available at:
Southfield, Michigan headquartered Lear Corp.'s stock climbed 1.18%, closing the day at $143.66. A total volume of 699,435 shares was traded, which was above their three months average volume of 619,950 shares. The Company's shares have advanced 1.91% in the last month, 11.89% over the previous three months, and 8.53% since the start of this year. The stock is trading 2.69% above its 50-day moving average and 17.19% above its 200-day moving average. Additionally, shares of Lear, which designs, develops, engineers, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide, have an RSI of 57.58.
On February 13th, 2017, Lear announced that its Board of Directors has authorized an increase in its share repurchase authorization to $1 billion and extended the authorization period until December 31st, 2019. In addition, the Board increased by 67% the quarterly cash dividend on the Company's common stock from $0.30 per share to $0.50 per share. The next dividend is payable on March 23rd, 2017 to shareholders of record at the close of business on March 03rd, 2017.
On February 21st, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. The complimentary report on LEA can be downloaded at:
On Wednesday, shares in Stockholm, Sweden headquartered Autoliv Inc. recorded a trading volume of 391,649 shares. The stock ended the day 0.43% higher at $105.15. The Company's shares have gained 2.73% in the previous three months, and are trading below their 200-day moving average by 2.08%. Furthermore, shares of Autoliv, which through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide, has an RSI of 40.55.
On February 09th, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.
As per a SEC filing dated February 21st, 2017, Autoliv stated that in accordance with the Company's Corporate Governance Guidelines, George Lorch, a member of the its Board of Directors, having reached the mandatory retirement age, will not stand for re-election to the Board at the Company's 2017 Annual Meeting of Stockholders, scheduled for May 09th, 2017. On February 20th, 2017, the Company announced that the Board declared a quarterly dividend of $0.60 per share for Q2 2017, payable on June 01st, 2017 to stockholders of record on the close of business on May 17th, 2017. Visit us today and download our complete research report on ALV for free at:
Westport Fuel Systems
Vancouver, Canada headquartered Westport Fuel Systems Inc.'s stock dropped 1.90%, finishing yesterday's session at $1.03. A total volume of 703,258 shares was traded, which was higher than their three months average volume of 476,720 shares. The Company's shares are trading below their 50-day moving average by 13.82%. Additionally, shares of Westport Fuel Systems, which provides low-emission engine and fuel system technologies utilizing gaseous fuels, have an RSI of 30.49.
On February 07th, 2017, Westport AB, a Westport Fuel Systems Company, announced that Volvo Car will expand the Bi-Fuel version of its new V90 station wagon in Belgium and Luxembourg, and deliveries are scheduled for May 2017. Get free access to your technical report on WPRT at:
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