Simplicity Solutions LLC Has $2.27 Million Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Simplicity Solutions LLC trimmed its stake in shares of Monro, Inc. (NASDAQ:MNRO) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 77,255 shares of the auto parts company’s stock after selling 2,416 shares during the quarter. Simplicity Solutions LLC’s holdings in Monro were worth $2,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Monro by 1.0% during the 1st quarter. BlackRock Inc. now owns 5,268,641 shares of the auto parts company’s stock worth $233,612,000 after purchasing an additional 50,712 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Monro by 0.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,918,309 shares of the auto parts company’s stock worth $168,017,000 after purchasing an additional 25,395 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Monro by 2.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,918,267 shares of the auto parts company’s stock valued at $177,106,000 after acquiring an additional 79,251 shares during the period. Vanguard Group Inc. increased its position in Monro by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,701,121 shares of the auto parts company’s stock valued at $160,850,000 after acquiring an additional 12,548 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Monro by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,494,825 shares of the auto parts company’s stock valued at $73,888,000 after acquiring an additional 76,612 shares during the period.

Insider Buying and Selling at Monro

In other news, CEO Michael T. Broderick acquired 5,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average cost of $32.30 per share, for a total transaction of $161,500.00. Following the completion of the transaction, the chief executive officer now directly owns 90,487 shares in the company, valued at approximately $2,922,730.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Monro Trading Down 0.3 %

Shares of NASDAQ MNRO opened at $30.40 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.23 and a current ratio of 0.56. Monro, Inc. has a 52-week low of $22.72 and a 52-week high of $50.20. The firm has a 50 day moving average price of $31.44 and a two-hundred day moving average price of $29.58. The stock has a market cap of $908.96 million, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.21 and a beta of 1.11.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, January 24th. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Monro had a net margin of 2.68% and a return on equity of 5.59%. The firm had revenue of $317.65 million during the quarter, compared to analysts’ expectations of $324.75 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts forecast that Monro, Inc. will post 1.45 EPS for the current year.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.68%. The ex-dividend date was Thursday, March 7th. Monro’s dividend payout ratio (DPR) is currently 104.67%.

Monro Profile

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.