ProShare Advisors LLC lowered its stake in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 11.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,393 shares of the auto parts company's stock after selling 910 shares during the period. ProShare Advisors LLC's holdings in Monro were worth $328,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. boosted its position in Monro by 28.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,123,582 shares of the auto parts company's stock valued at $65,471,000 after acquiring an additional 250,115 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Monro by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 975,918 shares of the auto parts company's stock valued at $56,867,000 after buying an additional 45,634 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Monro by 3.8% during the 1st quarter. Copeland Capital Management LLC now owns 946,994 shares of the auto parts company's stock valued at $41,989,000 after buying an additional 34,602 shares in the last quarter. Invesco Ltd. lifted its position in Monro by 7.7% during the 4th quarter. Invesco Ltd. now owns 872,913 shares of the auto parts company's stock valued at $50,865,000 after acquiring an additional 62,437 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its stake in Monro by 16.1% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 607,236 shares of the auto parts company's stock worth $35,384,000 after acquiring an additional 84,169 shares in the last quarter.
Get Monro alerts:Insider Buying and Selling 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 stock was 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 $208,465.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Monro from $65.00 to $47.00 in a report on Friday, May 20th. StockNews.com cut Monro from a "buy" rating to a "hold" rating in a research note on Monday, May 23rd.Monro Stock Down 0.2 %
NASDAQ:MNRO opened at $46.16 on Tuesday. The firm has a 50-day simple moving average of $47.87 and a two-hundred day simple moving average of $45.95. The firm has a market cap of $1.49 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.80 and a beta of 1.07. Monro, Inc. has a fifty-two week low of $37.49 and a fifty-two week high of $64.71. 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $1.12 annualized dividend and a yield of 2.43%. Monro's dividend payout ratio (DPR) is presently 65.12%.
Monro Company Profile
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Monro (MNRO)
- MarketBeat Podcast: Stock Market, Bad News is Good News
- Forget Bitcoin, Block's Ecosystems are the Real Growth Drivers
- What Does an Inverted Yield Curve Mean For You?
- SPY vs. QQQ: Which ETF Wins in 2022?
- Could Snap Stock Rebound As Management Restructures?
Want to see what other hedge funds are holding MNRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monro, Inc. (NASDAQ:MNRO – Get Rating).
Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.com's FREE daily email newsletter.