Public Sector Pension Investment Board Acquires 4,490 Shares of Monro, Inc. (NASDAQ:MNRO)

Public Sector Pension Investment Board lifted its holdings in Monro, Inc. (NASDAQ:MNRO) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,788 shares of the auto parts company’s stock after buying an additional 4,490 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Monro worth $1,570,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Monro by 99.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 523 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Monro by 129,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,297 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Monro in the 2nd quarter worth approximately $38,000. PNC Financial Services Group Inc. increased its position in shares of Monro by 289.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock valued at $97,000 after purchasing an additional 2,460 shares during the last quarter. Finally, EntryPoint Capital LLC raised its holdings in Monro by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock valued at $100,000 after buying an additional 802 shares during the period.

Monro Stock Up 0.1 %

NASDAQ MNRO opened at $28.86 on Tuesday. Monro, Inc. has a 52 week low of $21.00 and a 52 week high of $33.98. The firm has a market capitalization of $863.52 million, a price-to-earnings ratio of 24.46, a PEG ratio of 1.81 and a beta of 1.10. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $26.53 and a two-hundred day moving average of $26.52.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The company had revenue of $293.20 million for the quarter, compared to the consensus estimate of $293.70 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was down 10.3% compared to the same quarter last year. On average, analysts predict that Monro, Inc. will post 1 earnings per share for the current year.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Tuesday, August 27th. Monro’s payout ratio is currently 94.92%.

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.