Swiss National Bank reduced its stake in shares of Monro, Inc. (NASDAQ:MNRO – Free Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,942 shares of the auto parts company’s stock after selling 9,800 shares during the period. Swiss National Bank owned 0.22% of Monro worth $3,358,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. FMR LLC raised its position in Monro by 22.9% during the 2nd quarter. FMR LLC now owns 1,164 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 217 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Monro by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,743 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 226 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of Monro by 3.3% in the 4th quarter. First Republic Investment Management Inc. now owns 7,978 shares of the auto parts company’s stock worth $361,000 after acquiring an additional 255 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Monro by 1.0% in the 2nd quarter. Macquarie Group Ltd. now owns 28,907 shares of the auto parts company’s stock worth $1,240,000 after acquiring an additional 297 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of Monro by 5.9% in the 1st quarter. Inspire Investing LLC now owns 5,521 shares of the auto parts company’s stock worth $273,000 after acquiring an additional 309 shares in the last quarter.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Monro in a research report on Thursday, August 17th. They issued a “hold” rating for the company.
Monro Stock Performance
MNRO stock opened at $33.58 on Friday. The stock has a 50-day moving average price of $37.04 and a 200-day moving average price of $43.57. Monro, Inc. has a 1-year low of $32.71 and a 1-year high of $55.70. The company has a current ratio of 0.52, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.06 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98.
Monro (NASDAQ:MNRO – Get Free Report) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Monro had a net margin of 2.72% and a return on equity of 5.71%. The firm had revenue of $327.00 million during the quarter, compared to the consensus estimate of $332.39 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts expect that Monro, Inc. will post 1.49 earnings per share for the current year.
Monro Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, August 21st. Monro’s payout ratio is 101.82%.
Insider Activity at Monro
In other news, CEO Michael T. Broderick bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average cost of $35.03 per share, with a total value of $350,300.00. Following the transaction, the chief executive officer now directly owns 85,487 shares of the company’s stock, valued at approximately $2,994,609.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
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