Public Employees Retirement System of Ohio trimmed its position in Monro Inc (NASDAQ:MNRO) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,814 shares of the auto parts company’s stock after selling 10,319 shares during the period. Public Employees Retirement System of Ohio owned about 0.24% of Monro worth $6,723,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Monro by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 392,705 shares of the auto parts company’s stock worth $26,998,000 after buying an additional 21,499 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Monro by 944.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,341 shares of the auto parts company’s stock worth $635,000 after acquiring an additional 6,638 shares during the period. Comerica Bank grew its stake in Monro by 2.2% in the 1st quarter. Comerica Bank now owns 32,932 shares of the auto parts company’s stock worth $2,737,000 after acquiring an additional 702 shares during the period. Texas Permanent School Fund grew its stake in Monro by 4.1% in the 1st quarter. Texas Permanent School Fund now owns 22,476 shares of the auto parts company’s stock worth $1,945,000 after acquiring an additional 890 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Monro by 4.7% in the 1st quarter. Victory Capital Management Inc. now owns 571,852 shares of the auto parts company’s stock valued at $49,476,000 after acquiring an additional 25,657 shares during the last quarter.
A number of research analysts have weighed in on the company. BMO Capital Markets started coverage on Monro in a research note on Friday, August 9th. They set a “market perform” rating and a $90.00 price target on the stock. Zacks Investment Research downgraded Monro from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Oppenheimer lowered Monro from an “outperform” rating to a “market perform” rating and set a $86.00 target price for the company. in a research note on Thursday, July 11th. CL King reiterated a “hold” rating on shares of Monro in a research report on Wednesday, May 22nd. Finally, CIBC reissued a “market perform” rating on shares of Monro in a research note on Thursday, July 11th. Nine analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $86.78.
MNRO stock traded down $0.46 on Wednesday, hitting $77.05. 63,246 shares of the company were exchanged, compared to its average volume of 268,207. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.93 and a quick ratio of 0.28. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. Monro Inc has a twelve month low of $60.78 and a twelve month high of $89.72. The business’s fifty day moving average is $80.15 and its two-hundred day moving average is $81.65.
Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. Monro had a net margin of 6.69% and a return on equity of 12.01%. The company had revenue of $317.10 million for the quarter, compared to analyst estimates of $320.60 million. During the same quarter last year, the business earned $0.64 EPS. Monro’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts expect that Monro Inc will post 2.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.22 dividend. This is a positive change from Monro’s previous quarterly dividend of $0.11. This represents a $0.88 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, August 23rd. Monro’s dividend payout ratio (DPR) is 36.97%.
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.
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