State of Alaska Department of Revenue raised its stake in Monro, Inc. (NASDAQ:MNRO – Get Rating) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,372 shares of the auto parts company's stock after purchasing an additional 2,040 shares during the period. State of Alaska Department of Revenue owned about 0.08% of Monro worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of MNRO. Westwood Holdings Group Inc. raised its position in Monro by 29.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,456,471 shares of the auto parts company's stock valued at $64,580,000 after purchasing an additional 332,889 shares in the last quarter. Wellington Management Group LLP raised its position in Monro by 35.5% in the 1st quarter. Wellington Management Group LLP now owns 1,094,229 shares of the auto parts company's stock valued at $48,519,000 after purchasing an additional 286,762 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Monro by 232.1% in the 1st quarter. Renaissance Technologies LLC now owns 364,679 shares of the auto parts company's stock valued at $16,170,000 after acquiring an additional 254,876 shares during the last quarter. abrdn plc purchased a new position in shares of Monro in the 1st quarter valued at about $8,505,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Monro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,083,587 shares of the auto parts company's stock valued at $48,048,000 after acquiring an additional 107,669 shares during the last quarter.
Get Monro alerts:Monro Trading Down 0.4 %
MNRO opened at $43.08 on Wednesday. Monro, Inc. has a one year low of $37.49 and a one year high of $64.71. The company has a market cap of $1.39 billion, a P/E ratio of 25.05, a PEG ratio of 1.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.32 and a current ratio of 0.67. The business's 50-day simple moving average is $48.14 and its 200-day simple moving average is $45.90.
Monro Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd were issued a $0.28 dividend. The ex-dividend date was Monday, August 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.60%. Monro's payout ratio is currently 65.12%.Insider Activity
In other news, Director Leah C. Johnson sold 750 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $49.92, for a total value of $37,440.00. Following the transaction, the director now owns 4,176 shares in the company, valued at approximately $208,465.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.50% of the company's stock.
Monro Company 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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