Invesco Ltd. Boosts Holdings in Monro, Inc. (NASDAQ:MNRO)

Invesco Ltd. raised its position in Monro, Inc. (NASDAQ:MNRO - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 215,851 shares of the auto parts company's stock after buying an additional 23,872 shares during the period. Invesco Ltd. owned 0.72% of Monro worth $5,353,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MNRO. Pacer Advisors Inc. bought a new stake in Monro during the fourth quarter worth $28,899,000. Trexquant Investment LP bought a new stake in shares of Monro during the 4th quarter worth $3,561,000. Empowered Funds LLC bought a new position in Monro during the fourth quarter valued at about $3,327,000. Victory Capital Management Inc. grew its position in Monro by 1,288.0% during the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company's stock valued at $3,500,000 after buying an additional 130,954 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Monro by 68.3% during the fourth quarter. JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company's stock worth $3,787,000 after buying an additional 61,988 shares during the last quarter.

Monro Stock Performance

Monro stock traded down $0.27 during mid-day trading on Tuesday, reaching $14.20. The company's stock had a trading volume of 570,204 shares, compared to its average volume of 676,766. The firm's fifty day moving average price is $15.95 and its two-hundred day moving average price is $21.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. Monro, Inc. has a 12-month low of $13.50 and a 12-month high of $31.49. The company has a market capitalization of $425.28 million, a P/E ratio of 22.19, a PEG ratio of 2.05 and a beta of 1.09.

Monro Announces Dividend

The business also recently disclosed 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 dividend yield of 7.89%. Monro's payout ratio is 175.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Monro from $20.00 to $15.00 and set an "equal weight" rating on the stock in a report on Monday. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush cut their price target on Monro from $27.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st.

Monro Company 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.