Northern Trust Corp Purchases 20,831 Shares of Monro, Inc. (NASDAQ:MNRO)

Northern Trust Corp raised its position in shares of Monro, Inc. (NASDAQ:MNRO) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,681 shares of the auto parts company’s stock after acquiring an additional 20,831 shares during the period. Northern Trust Corp’s holdings in Monro were worth $8,250,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MNRO. Pacer Advisors Inc. bought a new stake in shares of Monro during the fourth quarter worth approximately $28,899,000. Cooper Creek Partners Management LLC boosted its holdings in shares of Monro by 66.4% during the fourth quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock worth $23,046,000 after acquiring an additional 370,960 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Monro by 34.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company’s stock worth $29,594,000 after acquiring an additional 302,515 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Monro by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company’s stock worth $39,957,000 after acquiring an additional 253,518 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Monro during the fourth quarter worth approximately $3,561,000.

Monro Trading Up 4.9%

Shares of MNRO stock opened at $13.58 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market cap of $406.71 million, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The stock has a 50 day simple moving average of $14.75 and a 200 day simple moving average of $20.38. Monro, Inc. has a 1 year low of $12.20 and a 1 year high of $31.49.

Analysts Set New Price Targets

MNRO has been the subject of a number of research analyst reports. Stephens upgraded Monro from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $21.00 to $18.00 in a report on Friday, April 4th. Wells Fargo & Company cut their price target on Monro from $20.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, Wedbush cut their price target on Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st.

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.