UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.61 Million Stake in Monro, Inc. (NASDAQ:MNRO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Monro, Inc. (NASDAQ:MNRO) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,004 shares of the auto parts company’s stock after purchasing an additional 5,471 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Monro worth $1,612,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new stake in shares of Monro in the 4th quarter valued at $52,000. Quarry LP increased its position in Monro by 84.5% in the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 2,252 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Monro during the 4th quarter worth about $156,000. ProShare Advisors LLC bought a new position in shares of Monro in the 4th quarter valued at about $223,000. Finally, Bleakley Financial Group LLC raised its stake in shares of Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after buying an additional 1,506 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stephens upgraded Monro from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Friday, April 4th. Wells Fargo & Company lifted their price target on shares of Monro from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Wall Street Zen downgraded shares of Monro from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Finally, Wedbush cut their price target on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st.

Monro Stock Performance

Shares of Monro stock opened at $16.21 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. The firm has a market cap of $485.80 million, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. The stock’s 50-day moving average is $14.23 and its 200-day moving average is $18.90. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49.

Monro (NASDAQ:MNRO) last released its quarterly earnings results on Wednesday, May 28th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The firm had revenue of $294.99 million for the quarter, compared to analyst estimates of $288.60 million. Monro had a return on equity of 3.76% and a net margin of 1.64%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Equities analysts predict that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Tuesday, June 3rd. Monro’s dividend payout ratio (DPR) is presently -560.00%.

About Monro

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.