XTX Topco Ltd Buys New Shares in Monro, Inc. (NASDAQ:MNRO)

XTX Topco Ltd purchased a new position in shares of Monro, Inc. (NASDAQ:MNRO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,373 shares of the auto parts company’s stock, valued at approximately $213,000.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Monro by 20.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company’s stock valued at $46,374,000 after purchasing an additional 273,265 shares during the period. State Street Corp raised its stake in Monro by 0.8% in the third quarter. State Street Corp now owns 1,344,978 shares of the auto parts company’s stock valued at $38,816,000 after buying an additional 11,265 shares during the period. Quarry LP lifted its position in shares of Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock valued at $77,000 after buying an additional 619 shares during the last quarter. Centiva Capital LP bought a new position in shares of Monro during the 3rd quarter worth approximately $401,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Monro by 19.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,533 shares of the auto parts company’s stock worth $1,718,000 after acquiring an additional 9,839 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on MNRO. Wedbush reaffirmed an “outperform” rating and set a $31.00 price objective on shares of Monro in a research report on Wednesday. Stephens initiated coverage on shares of Monro in a report on Tuesday, October 15th. They issued an “equal weight” rating and a $31.00 price target on the stock.

Monro Stock Performance

MNRO opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.21. The business has a fifty day simple moving average of $27.69 and a 200 day simple moving average of $26.34. Monro, Inc. has a 1 year low of $21.00 and a 1 year high of $33.98. The company has a market capitalization of $755.01 million, a PE ratio of 28.98, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

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

Monro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, December 3rd. Monro’s dividend payout ratio is currently 128.74%.

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.