Monro, Inc. (NASDAQ:MNRO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in Monro, Inc. (NASDAQ:MNRO) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,674 shares of the auto parts company’s stock after selling 700 shares during the quarter. New York State Teachers Retirement System’s holdings in Monro were worth $724,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MNRO. Morgan Stanley boosted its stake in Monro by 204.5% in the fourth quarter. Morgan Stanley now owns 872,346 shares of the auto parts company’s stock valued at $39,430,000 after acquiring an additional 585,861 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Monro by 63.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,168,504 shares of the auto parts company’s stock valued at $34,284,000 after acquiring an additional 453,980 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Monro in the first quarter valued at approximately $14,359,000. Wellington Management Group LLP boosted its stake in Monro by 35.5% in the first quarter. Wellington Management Group LLP now owns 1,094,229 shares of the auto parts company’s stock valued at $48,519,000 after acquiring an additional 286,762 shares in the last quarter. Finally, Norges Bank acquired a new stake in Monro in the fourth quarter valued at approximately $12,790,000.

Monro Price Performance

Shares of MNRO opened at $29.74 on Friday. The company has a 50 day moving average of $31.24 and a two-hundred day moving average of $29.61. The company has a market cap of $889.23 million, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. Monro, Inc. has a twelve month low of $22.72 and a twelve month high of $50.20. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 0.54.

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

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.77%. Monro’s dividend payout ratio is currently 104.67%.

Insiders Place Their Bets

In related news, CEO Michael T. Broderick purchased 5,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $32.30 per share, with a total value of $161,500.00. Following the completion of the acquisition, the chief executive officer now owns 90,487 shares in the company, valued at approximately $2,922,730.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

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.