Rhumbline Advisers boosted its holdings in Monro Inc (NASDAQ:MNRO) by 12.3% in the fourth quarter, Holdings Channel reports. The firm owned 86,373 shares of the auto parts company’s stock after purchasing an additional 9,432 shares during the period. Rhumbline Advisers’ holdings in Monro were worth $4,919,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new position in Monro during the 4th quarter worth approximately $232,000. Parametrica Management Ltd bought a new position in Monro during the 4th quarter worth approximately $266,000. SG Americas Securities LLC bought a new position in Monro during the 4th quarter worth approximately $404,000. Crossmark Global Holdings Inc. bought a new position in Monro during the 3rd quarter worth approximately $410,000. Finally, D.A. Davidson & CO. lifted its holdings in Monro by 19.2% during the 4th quarter. D.A. Davidson & CO. now owns 8,547 shares of the auto parts company’s stock worth $487,000 after buying an additional 1,378 shares during the last quarter.
In other news, insider Maureen Mulholland sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total transaction of $153,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen C. Mccluski sold 10,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $55.51, for a total value of $555,100.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.
Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $292.94 million. Monro had a return on equity of 10.48% and a net margin of 5.13%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. research analysts predict that Monro Inc will post 2.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 15th. Monro’s payout ratio is 42.60%.
A number of research analysts have commented on MNRO shares. TheStreet downgraded Monro from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Zacks Investment Research raised Monro from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub upgraded Monro from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. Oppenheimer reiterated a “buy” rating on shares of Monro in a research report on Friday, December 15th. Finally, Jefferies Group reiterated a “hold” rating on shares of Monro in a research report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.33.
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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