Bank of New York Mellon Corp Grows Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Bank of New York Mellon Corp raised its stake in Monro, Inc. (NASDAQ:MNRO - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,466 shares of the auto parts company's stock after acquiring an additional 26,855 shares during the period. Bank of New York Mellon Corp owned 1.25% of Monro worth $9,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Quarry LP boosted its stake in Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock valued at $77,000 after acquiring an additional 619 shares in the last quarter. D.B. Root & Company LLC boosted its stake in Monro by 8.7% in the fourth quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company's stock valued at $384,000 after acquiring an additional 1,233 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock valued at $246,000 after acquiring an additional 1,506 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Monro by 2.4% during the third quarter. Cerity Partners LLC now owns 84,769 shares of the auto parts company's stock worth $2,446,000 after buying an additional 2,023 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of Monro by 14.3% during the fourth quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company's stock worth $404,000 after buying an additional 2,042 shares during the last quarter.

Remove Ads

Monro Stock Performance

MNRO traded up $0.05 during trading on Tuesday, reaching $16.85. The company's stock had a trading volume of 685,882 shares, compared to its average volume of 574,823. Monro, Inc. has a 52-week low of $15.75 and a 52-week high of $32.06. The company's fifty day moving average price is $19.48 and its 200-day moving average price is $24.38. The company has a market capitalization of $504.64 million, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. 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 (NASDAQ:MNRO - Get Free Report) last posted its quarterly 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, equities analysts forecast that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

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 given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 6.65%. Monro's dividend payout ratio is currently 175.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Monro from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. Wedbush reissued an "outperform" rating and set a $31.00 price target on shares of Monro in a report on Wednesday, December 18th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $21.00 price objective on shares of Monro in a report on Thursday, February 27th.

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.