Macquarie Group Ltd. decreased its holdings in Monro Inc (NASDAQ:MNRO) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,341 shares of the auto parts company’s stock after selling 4,897 shares during the quarter. Macquarie Group Ltd. owned 0.07% of Monro worth $1,536,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MNRO. Enlightenment Research LLC acquired a new position in Monro in the fourth quarter worth approximately $34,000. Strs Ohio acquired a new position in Monro in the fourth quarter worth approximately $123,000. PNC Financial Services Group Inc. grew its position in Monro by 17.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the auto parts company’s stock worth $128,000 after buying an additional 273 shares during the last quarter. LS Investment Advisors LLC grew its position in Monro by 94.1% in the fourth quarter. LS Investment Advisors LLC now owns 1,927 shares of the auto parts company’s stock worth $132,000 after buying an additional 934 shares during the last quarter. Finally, Magnus Financial Group LLC acquired a new position in Monro in the fourth quarter worth approximately $234,000.

Several research analysts have issued reports on the stock. Guggenheim lowered shares of Monro from a “buy” rating to a “neutral” rating and set a $82.89 price target on the stock. in a research report on Thursday, April 4th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Monro from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, BidaskClub upgraded shares of Monro from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $81.95.

In other Monro news, Director Donald Glickman sold 10,000 shares of Monro stock in a transaction on Monday, February 25th. The shares were sold at an average price of $78.16, for a total transaction of $781,600.00. Following the completion of the sale, the director now owns 181,078 shares of the company’s stock, valued at approximately $14,153,056.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Maureen Mulholland sold 1,000 shares of Monro stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $79.60, for a total transaction of $79,600.00. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,920. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,000 shares of company stock worth $1,637,300. Corporate insiders own 4.60% of the company’s stock.

NASDAQ MNRO opened at $83.12 on Thursday. Monro Inc has a twelve month low of $51.45 and a twelve month high of $89.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 1.05. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 2.46 and a beta of 0.78.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Monro had a net margin of 6.71% and a return on equity of 12.47%. The firm had revenue of $310.11 million for the quarter, compared to analysts’ expectations of $309.89 million. As a group, equities analysts expect that Monro Inc will post 2.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, March 14th. Monro’s payout ratio is 38.46%.

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Monro Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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