Charles Schwab Investment Management Inc. Has $8.45 Million Holdings in Monro, Inc. (NASDAQ:MNRO)

Charles Schwab Investment Management Inc. decreased its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 340,718 shares of the auto parts company's stock after selling 58,414 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.14% of Monro worth $8,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP lifted its position in Monro by 30.2% during the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after buying an additional 619 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Monro in the third quarter worth about $213,000. Bleakley Financial Group LLC lifted its position in shares of Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock worth $246,000 after purchasing an additional 1,506 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Monro during the fourth quarter valued at approximately $272,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Monro in the third quarter valued at approximately $287,000.

Monro Trading Up 0.8 %

Shares of NASDAQ:MNRO traded up $0.13 during mid-day trading on Thursday, reaching $16.49. The stock had a trading volume of 761,729 shares, compared to its average volume of 590,756. Monro, Inc. has a twelve month low of $15.75 and a twelve month high of $32.06. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The firm has a market cap of $493.86 million, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The firm has a 50 day simple moving average of $18.72 and a two-hundred day simple moving average of $23.93.

Monro (NASDAQ:MNRO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. On average, research analysts predict that Monro, Inc. will post 0.63 EPS for the current fiscal year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 6.79%. Monro's payout ratio is 175.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MNRO shares. Wells Fargo & Company lowered their target price on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Wedbush reaffirmed an "outperform" rating and issued a $31.00 target price on shares of Monro in a research note on Wednesday, December 18th. Finally, Stephens reissued an "equal weight" rating and set a $21.00 price target on shares of Monro in a research note on Thursday, February 27th.

About Monro

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.