BlackRock Inc. Has $222.06 Million Stock Position in Monro, Inc. (NASDAQ:MNRO)

BlackRock Inc. cut its stake in shares of Monro, Inc. (NASDAQ:MNROGet Rating) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,109,478 shares of the auto parts company’s stock after selling 185,502 shares during the period. BlackRock Inc. owned 0.16% of Monro worth $222,055,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Monro by 0.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,918,309 shares of the auto parts company’s stock valued at $168,017,000 after purchasing an additional 25,395 shares during the period. Vanguard Group Inc. grew its stake in shares of Monro by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,674,537 shares of the auto parts company’s stock valued at $162,929,000 after acquiring an additional 19,181 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Monro by 11.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,324,033 shares of the auto parts company’s stock worth $57,542,000 after acquiring an additional 134,494 shares during the period. State Street Corp raised its stake in Monro by 5.0% in the 2nd quarter. State Street Corp now owns 1,269,931 shares of the auto parts company’s stock worth $54,455,000 after purchasing an additional 60,890 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings 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 during the period.

Monro Price Performance

Shares of NASDAQ MNRO opened at $48.21 on Tuesday. The business has a fifty day moving average price of $50.02 and a two-hundred day moving average price of $47.37. The stock has a market capitalization of $1.51 billion, a PE ratio of 33.71, a P/E/G ratio of 1.99 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.30. Monro, Inc. has a fifty-two week low of $37.49 and a fifty-two week high of $55.70.

Monro (NASDAQ:MNROGet Rating) last issued its quarterly earnings results on Wednesday, January 25th. The auto parts company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $335.20 million for the quarter, compared to analysts’ expectations of $330.87 million. Monro had a return on equity of 6.52% and a net margin of 3.52%. Monro’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. As a group, equities analysts predict that Monro, Inc. will post 1.61 earnings per share for the current fiscal year.

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, March 7th. Monro’s payout ratio is presently 78.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Monro from a “buy” rating to a “hold” rating in a report on Friday.

Monro Company Profile

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Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.

Further Reading

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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