AQR Capital Management LLC Trims Stock Position in Monro, Inc. (NASDAQ:MNRO)

AQR Capital Management LLC decreased its holdings in Monro, Inc. (NASDAQ:MNRO) by 23.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 37,746 shares of the auto parts company’s stock after selling 11,591 shares during the quarter. AQR Capital Management LLC’s holdings in Monro were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MNRO. Squarepoint Ops LLC boosted its stake in shares of Monro by 64.5% during the 2nd quarter. Squarepoint Ops LLC now owns 66,520 shares of the auto parts company’s stock worth $1,587,000 after acquiring an additional 26,092 shares during the last quarter. Lombard Odier Asset Management USA Corp raised its holdings in Monro by 12.2% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 18,819 shares of the auto parts company’s stock worth $449,000 after purchasing an additional 2,046 shares during the period. Public Sector Pension Investment Board lifted its position in 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 valued at $1,570,000 after purchasing an additional 4,490 shares in the last quarter. Gabelli Funds LLC grew its holdings in Monro by 37.6% during the second quarter. Gabelli Funds LLC now owns 117,000 shares of the auto parts company’s stock valued at $2,792,000 after purchasing an additional 32,000 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in Monro by 14.0% in the second quarter. Ensign Peak Advisors Inc now owns 20,416 shares of the auto parts company’s stock worth $487,000 after buying an additional 2,500 shares in the last quarter.

Monro Stock Up 0.7 %

NASDAQ MNRO opened at $26.91 on Friday. Monro, Inc. has a 52 week low of $21.00 and a 52 week high of $33.98. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $805.17 million, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The stock’s 50-day moving average price is $26.80 and its 200-day moving average price is $26.44.

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

Monro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, August 27th. Monro’s dividend payout ratio (DPR) is 94.92%.

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.