UBS Group AG Decreases Stake in Monro Inc (MNRO)

UBS Group AG lowered its position in shares of Monro Inc (NASDAQ:MNRO) by 60.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,404 shares of the auto parts company’s stock after selling 3,737 shares during the quarter. UBS Group AG’s holdings in Monro were worth $129,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Xact Kapitalforvaltning AB purchased a new position in Monro in the 4th quarter worth approximately $213,000. D.B. Root & Company LLC raised its position in shares of Monro by 28.6% in the 1st quarter. D.B. Root & Company LLC now owns 5,625 shares of the auto parts company’s stock valued at $302,000 after purchasing an additional 1,250 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Monro by 29.1% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 6,033 shares of the auto parts company’s stock valued at $323,000 after purchasing an additional 1,359 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Monro in the 4th quarter valued at approximately $462,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Monro by 43.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 9,569 shares of the auto parts company’s stock valued at $513,000 after purchasing an additional 2,880 shares in the last quarter.

MNRO stock opened at $70.55 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.30 billion, a P/E ratio of 33.92, a PEG ratio of 2.48 and a beta of 0.78. Monro Inc has a 12-month low of $43.97 and a 12-month high of $71.85.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.03). The firm had revenue of $295.80 million for the quarter, compared to analyst estimates of $296.80 million. Monro had a net margin of 5.85% and a return on equity of 11.81%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. sell-side analysts expect that Monro Inc will post 2.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Monday, August 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, August 24th. Monro’s dividend payout ratio is currently 38.46%.

MNRO has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Monro from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. BidaskClub lowered Monro from a “buy” rating to a “hold” rating in a research report on Saturday, April 21st. ValuEngine raised Monro from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. TheStreet raised Monro from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. Finally, Guggenheim set a $67.00 target price on Monro and gave the company a “buy” rating in a research report on Friday, July 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.20.

In related news, insider Maureen Mulholland sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $55.50, for a total transaction of $55,500.00. Following the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $55,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donald Glickman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $68.91, for a total value of $344,550.00. Following the sale, the director now directly owns 189,250 shares in the company, valued at $13,041,217.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,000 shares of company stock worth $1,096,650. Corporate insiders own 4.60% of the company’s stock.

Monro Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

Further Reading: Closed-End Mutual Funds

Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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