Advisor Group Holdings Inc. lessened its stake in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 42.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,713 shares of the auto parts company's stock after selling 8,522 shares during the quarter. Advisor Group Holdings Inc.'s holdings in Monro were worth $611,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of MNRO. Vectors Research Management LLC acquired a new position in shares of Monro in the 4th quarter valued at $42,000. Mutual of America Capital Management LLC increased its holdings in shares of Monro by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,834 shares of the auto parts company's stock valued at $214,000 after acquiring an additional 252 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of Monro by 4.6% in the 1st quarter. Personal CFO Solutions LLC now owns 4,894 shares of the auto parts company's stock valued at $217,000 after acquiring an additional 216 shares during the period. Inspire Investing LLC acquired a new position in shares of Monro in the 1st quarter valued at $237,000. Finally, FDx Advisors Inc. increased its holdings in shares of Monro by 11.7% in the 1st quarter. FDx Advisors Inc. now owns 5,473 shares of the auto parts company's stock valued at $243,000 after acquiring an additional 574 shares during the period.
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Monro Stock Performance
Shares of MNRO opened at $47.51 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.32 and a current ratio of 0.67. Monro, Inc. has a 1 year low of $37.49 and a 1 year high of $64.71. The stock has a market capitalization of $1.53 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.86 and a beta of 1.06. The company's fifty day moving average is $47.52 and its two-hundred day moving average is $45.92.
Monro Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, August 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.36%. Monro's dividend payout ratio (DPR) is presently 65.12%.
Insider Transactions at Monro
In other news, Director Leah C. Johnson sold 750 shares of the company's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $49.92, for a total transaction of $37,440.00. Following the transaction, the director now directly owns 4,176 shares of the company's stock, valued at approximately $208,465.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on MNRO shares. BMO Capital Markets dropped their price objective on shares of Monro from $65.00 to $47.00 in a research note on Friday, May 20th. StockNews.com cut shares of Monro from a "buy" rating to a "hold" rating in a research note on Monday, May 23rd.
Monro Profile
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Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
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