Pacer Advisors Inc. Invests $28.90 Million in Monro, Inc. (NASDAQ:MNRO)

Pacer Advisors Inc. bought a new position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,165,284 shares of the auto parts company's stock, valued at approximately $28,899,000. Pacer Advisors Inc. owned approximately 3.89% of Monro as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Monro by 14.9% in the second quarter. American Century Companies Inc. now owns 41,007 shares of the auto parts company's stock valued at $978,000 after buying an additional 5,312 shares during the period. Renaissance Technologies LLC lifted its position in Monro by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 141,979 shares of the auto parts company's stock valued at $3,388,000 after acquiring an additional 17,500 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in Monro by 14.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 20,416 shares of the auto parts company's stock worth $487,000 after purchasing an additional 2,500 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Monro by 7.3% during the second quarter. Public Sector Pension Investment Board now owns 65,788 shares of the auto parts company's stock worth $1,570,000 after buying an additional 4,490 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Monro by 64.5% during the second quarter. Squarepoint Ops LLC now owns 66,520 shares of the auto parts company's stock worth $1,587,000 after buying an additional 26,092 shares in the last quarter.

Monro Stock Up 0.4 %

Shares of NASDAQ:MNRO traded up $0.08 during trading on Friday, hitting $19.68. 1,306,726 shares of the company were exchanged, compared to its average volume of 751,041. Monro, Inc. has a fifty-two week low of $18.95 and a fifty-two week high of $33.98. The stock has a market cap of $589.42 million, a price-to-earnings ratio of 30.75, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $24.60 and a two-hundred day moving average price of $26.20.

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 the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.75% and a net margin of 1.64%. As a group, research analysts anticipate that Monro, Inc. will post 0.84 earnings per share for the current fiscal year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.12 annualized dividend and a dividend yield of 5.69%. Monro's dividend payout ratio is currently 175.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday. Wedbush reaffirmed an "outperform" rating and issued a $31.00 target price on shares of Monro in a research report on Wednesday, December 18th. Finally, Stephens started 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 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.