Monro, Inc. (NASDAQ:MNRO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Monro, Inc. (NASDAQ:MNRO) by 40.0% during the third quarter, Holdings Channel.com reports. The firm owned 10,200 shares of the auto parts company’s stock after selling 6,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Monro were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MNRO. Federated Hermes Inc. raised its stake in shares of Monro by 8,488.5% during the 2nd quarter. Federated Hermes Inc. now owns 54,623 shares of the auto parts company’s stock worth $1,303,000 after buying an additional 53,987 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Monro in the third quarter valued at approximately $1,205,000. Renaissance Technologies LLC increased its stake in shares of Monro by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 141,979 shares of the auto parts company’s stock worth $3,388,000 after acquiring an additional 17,500 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Monro during the third quarter worth about $830,000. Finally, Maverick Capital Ltd. raised its position in shares of Monro by 720.3% during the 2nd quarter. Maverick Capital Ltd. now owns 121,354 shares of the auto parts company’s stock valued at $2,896,000 after buying an additional 106,560 shares during the period.

Monro Stock Up 0.8 %

Shares of NASDAQ:MNRO opened at $28.34 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21. The firm has a market capitalization of $848.78 million, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11. The firm’s 50-day moving average is $28.09 and its two-hundred day moving average is $26.17. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98.

Monro (NASDAQ:MNRO) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The company had revenue of $301.39 million during the quarter, compared to analyst estimates of $300.06 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Analysts predict that Monro, Inc. will post 0.83 EPS for the current year.

Monro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.95%. Monro’s payout ratio is 128.74%.

Analyst Ratings Changes

Separately, Stephens initiated coverage on shares of Monro in a report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price objective on the stock.

Monro Profile

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