Public Employees Retirement System of Ohio raised its stake in Monro Inc (NASDAQ:MNRO) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,109 shares of the auto parts company’s stock after buying an additional 2,295 shares during the period. Public Employees Retirement System of Ohio owned about 0.24% of Monro worth $6,408,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Aperio Group LLC grew its position in Monro by 5.8% in the second quarter. Aperio Group LLC now owns 17,138 shares of the auto parts company’s stock worth $1,462,000 after acquiring an additional 946 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Monro by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 103,828 shares of the auto parts company’s stock worth $8,203,000 after purchasing an additional 2,051 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in shares of Monro by 30.4% in the 2nd quarter. Granite Investment Partners LLC now owns 26,989 shares of the auto parts company’s stock worth $2,302,000 after purchasing an additional 6,285 shares in the last quarter. Comerica Bank boosted its holdings in shares of Monro by 2.5% in the 3rd quarter. Comerica Bank now owns 32,098 shares of the auto parts company’s stock worth $2,210,000 after purchasing an additional 793 shares in the last quarter. Finally, Eaton Vance Management increased its position in shares of Monro by 10.3% during the 2nd quarter. Eaton Vance Management now owns 161,206 shares of the auto parts company’s stock valued at $13,750,000 after purchasing an additional 15,070 shares during the last quarter.
A number of equities analysts recently weighed in on the company. SunTrust Banks decreased their price objective on Monro to $75.00 and set a “positive” rating on the stock in a report on Friday, October 25th. ValuEngine raised Monro from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Zacks Investment Research cut shares of Monro from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BidaskClub lowered shares of Monro from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lowered their price objective on shares of Monro from $90.00 to $78.00 and set a “market perform” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.98.
NASDAQ MNRO opened at $73.50 on Tuesday. Monro Inc has a 1-year low of $60.78 and a 1-year high of $89.72. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $73.41 and a 200-day moving average of $79.27. The firm has a market cap of $2.44 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74.
Monro (NASDAQ:MNRO) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.11). The company had revenue of $324.11 million for the quarter, compared to analysts’ expectations of $330.07 million. Monro had a net margin of 6.48% and a return on equity of 11.41%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, equities research analysts forecast that Monro Inc will post 2.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Monday, December 9th. Monro’s dividend payout ratio (DPR) is presently 36.97%.
In other news, Director Peter J. Solomon sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.86, for a total value of $389,730.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 13,104 shares of company stock worth $941,046 in the last 90 days. Company insiders own 4.40% of the company’s stock.
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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