Wellington Management Group LLP Trims Holdings in Monro, Inc. (NASDAQ:MNRO)

Wellington Management Group LLP reduced its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 20.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,277,637 shares of the auto parts company’s stock after selling 329,231 shares during the period. Wellington Management Group LLP owned approximately 4.27% of Monro worth $31,685,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Monro by 19.8% during the third 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 buying an additional 9,839 shares during the period. Centiva Capital LP acquired a new stake in Monro during the 3rd quarter worth approximately $401,000. Quarry LP lifted its position in Monro by 30.2% during the 3rd quarter. Quarry LP now owns 2,666 shares of the auto parts company’s stock worth $77,000 after acquiring an additional 619 shares during the period. State Street Corp grew its stake in shares of Monro by 0.8% in the 3rd quarter. State Street Corp now owns 1,344,978 shares of the auto parts company’s stock valued at $38,816,000 after purchasing an additional 11,265 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Monro in the third quarter valued at approximately $213,000.

Wall Street Analyst Weigh In

MNRO has been the topic of a number of analyst reports. Wedbush lowered their price objective on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company lowered their target price on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Finally, Stephens raised shares of Monro from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $21.00 to $18.00 in a report on Friday.

Monro Trading Up 5.5 %

NASDAQ:MNRO opened at $15.27 on Monday. Monro, Inc. has a 1 year low of $13.83 and a 1 year high of $31.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54. The stock has a fifty day moving average price of $17.80 and a two-hundred day moving average price of $23.42. The stock has a market capitalization of $457.32 million, a price-to-earnings ratio of 23.86, a PEG ratio of 2.05 and a beta of 1.09.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. As a group, sell-side analysts anticipate that Monro, Inc. will post 0.63 earnings per share for the current fiscal year.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 7.33%. Monro’s dividend payout ratio (DPR) is presently 175.00%.

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.