Cerity Partners LLC Has $2.45 Million Stake in Monro, Inc. (NASDAQ:MNRO)

Cerity Partners LLC grew its holdings in Monro, Inc. (NASDAQ:MNRO) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,769 shares of the auto parts company’s stock after purchasing an additional 2,023 shares during the quarter. Cerity Partners LLC’s holdings in Monro were worth $2,446,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC bought a new position in Monro in the 1st quarter worth approximately $203,000. Simplicity Wealth LLC grew its stake in shares of Monro by 28.4% in the second quarter. Simplicity Wealth LLC now owns 97,916 shares of the auto parts company’s stock worth $2,336,000 after acquiring an additional 21,637 shares during the last quarter. D.B. Root & Company LLC increased its position in Monro by 12.4% during the second quarter. D.B. Root & Company LLC now owns 13,307 shares of the auto parts company’s stock worth $318,000 after acquiring an additional 1,464 shares during the period. Nisa Investment Advisors LLC raised its stake in Monro by 99.6% during the 2nd 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 last quarter. Finally, Pullen Investment Management LLC boosted its holdings in Monro by 3.4% in the 2nd quarter. Pullen Investment Management LLC now owns 44,366 shares of the auto parts company’s stock valued at $1,058,000 after purchasing an additional 1,463 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Stephens initiated coverage on shares of Monro in a report on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price objective on the stock.

Monro Trading Down 0.3 %

Monro stock opened at $28.12 on Monday. The business has a 50 day moving average price of $28.06 and a two-hundred day moving average price of $26.16. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. Monro, Inc. has a 12 month low of $21.00 and a 12 month high of $33.98. The stock has a market cap of $842.19 million, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11.

Monro (NASDAQ:MNRO) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). The firm had revenue of $301.39 million during the quarter, compared to analyst estimates of $300.06 million. Monro had a net margin of 2.24% and a return on equity of 4.77%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. As a group, equities analysts forecast that Monro, Inc. will post 0.83 EPS for the current year.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Tuesday, December 3rd. Monro’s payout ratio is 128.74%.

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.