Monro, Inc. (NASDAQ:MNRO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 19.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,533 shares of the auto parts company’s stock after acquiring an additional 9,839 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Monro were worth $1,718,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Millennium Management LLC lifted its stake in Monro by 3,587.8% in the 2nd quarter. Millennium Management LLC now owns 1,139,183 shares of the auto parts company’s stock valued at $27,181,000 after buying an additional 1,108,292 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Monro by 78.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 254,900 shares of the auto parts company’s stock valued at $6,082,000 after buying an additional 112,400 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Monro by 720.3% in 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 in the last quarter. Landscape Capital Management L.L.C. lifted its stake in Monro by 434.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 104,550 shares of the auto parts company’s stock valued at $3,017,000 after buying an additional 84,996 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Monro by 100.9% in the 3rd quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company’s stock valued at $3,649,000 after buying an additional 63,506 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Monro Trading Up 0.2 %

MNRO opened at $26.01 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 company’s 50 day simple moving average is $27.84 and its two-hundred day simple moving average is $26.33. Monro, Inc. has a 1-year low of $21.00 and a 1-year high of $33.98. The firm has a market capitalization of $778.97 million, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Monro (NASDAQ:MNRO) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). Monro had a return on equity of 4.77% and a net margin of 2.24%. The business had revenue of $301.39 million during the quarter, compared to analysts’ expectations of $300.06 million. During the same period last year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts expect that Monro, Inc. will post 0.83 EPS for the current fiscal year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Tuesday, December 3rd. Monro’s dividend payout ratio (DPR) is 128.74%.

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.