Monro, Inc. (NASDAQ:MNRO) Holdings Lifted by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 8,488.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,623 shares of the auto parts company’s stock after buying an additional 53,987 shares during the period. Federated Hermes Inc. owned 0.18% of Monro worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MNRO. William Blair Investment Management LLC increased its stake in Monro by 24.1% during the 1st quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company’s stock valued at $31,817,000 after buying an additional 195,955 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Monro during the first quarter valued at approximately $4,494,000. Invenomic Capital Management LP bought a new stake in Monro during the first quarter worth approximately $4,348,000. Wellington Management Group LLP lifted its position in Monro by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 1,335,544 shares of the auto parts company’s stock worth $39,185,000 after purchasing an additional 62,148 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Monro by 45.7% during the 1st quarter. Russell Investments Group Ltd. now owns 197,729 shares of the auto parts company’s stock valued at $6,236,000 after purchasing an additional 62,019 shares in the last quarter.

Monro Stock Down 1.2 %

MNRO opened at $26.71 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.25 and a current ratio of 0.59. The company has a market capitalization of $799.19 million, a PE ratio of 22.64, a P/E/G ratio of 1.65 and a beta of 1.10. The stock’s fifty day moving average is $26.15 and its 200-day moving average is $26.67. Monro, Inc. has a one year low of $21.00 and a one year high of $33.98.

Monro (NASDAQ:MNRO) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21. Monro had a net margin of 2.78% and a return on equity of 5.90%. The firm had revenue of $293.20 million for the quarter, compared to analysts’ expectations of $293.70 million. During the same period in the previous year, the business earned $0.31 earnings per share. Monro’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities analysts predict that Monro, Inc. will post 1 EPS for the current fiscal year.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, August 27th. Monro’s payout ratio is 94.92%.

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.