Public Sector Pension Investment Board Buys 4,490 Shares of Monro, Inc. (NASDAQ:MNRO)

Public Sector Pension Investment Board grew its stake in Monro, Inc. (NASDAQ:MNRO) by 7.3% during the second quarter, Holdings Channel.com reports. The fund owned 65,788 shares of the auto parts company’s stock after purchasing an additional 4,490 shares during the quarter. Public Sector Pension Investment Board’s holdings in Monro were worth $1,570,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Monro by 99.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 523 shares during the period. TFO Wealth Partners LLC raised its position in Monro by 129,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,297 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Monro in the 2nd quarter worth $38,000. EntryPoint Capital LLC grew its position in shares of Monro by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock worth $100,000 after buying an additional 802 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Monro by 289.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the auto parts company’s stock valued at $97,000 after buying an additional 2,460 shares during the period.

Monro Price Performance

Shares of MNRO opened at $28.86 on Tuesday. 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 50 day moving average price of $26.53 and a 200-day moving average price of $26.52. Monro, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $33.98. The stock has a market capitalization of $863.52 million, a PE ratio of 24.46, a PEG ratio of 1.81 and a beta of 1.10.

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

Monro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.88%. 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.