Illinois Municipal Retirement Fund Has $542,000 Stake in Monro, Inc. (NASDAQ:MNRO)

Illinois Municipal Retirement Fund boosted its position in shares of Monro, Inc. (NASDAQ:MNRO) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,472 shares of the auto parts company’s stock after acquiring an additional 490 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Monro worth $542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Monro by 1,375.4% during the 3rd quarter. Signaturefd LLC now owns 900 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 839 shares during the last quarter. CWM LLC lifted its position in Monro by 144.6% during the 4th quarter. CWM LLC now owns 1,103 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 652 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Monro by 416.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,271 shares of the auto parts company’s stock valued at $37,000 after buying an additional 1,025 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Monro during the fourth quarter valued at about $78,000. Finally, MQS Management LLC raised its position in shares of Monro by 43.4% during the third quarter. MQS Management LLC now owns 7,272 shares of the auto parts company’s stock valued at $202,000 after buying an additional 2,200 shares during the last quarter.

Monro Stock Down 2.5 %

Shares of MNRO opened at $27.25 on Wednesday. The company has a 50-day simple moving average of $30.64 and a 200-day simple moving average of $29.78. The firm has a market capitalization of $814.78 million, a P/E ratio of 25.47, a P/E/G ratio of 1.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.23 and a current ratio of 0.56. Monro, Inc. has a 52 week low of $22.72 and a 52 week high of $50.20.

Monro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 7th. Monro’s dividend payout ratio is currently 104.67%.

Insider Activity

In related news, CEO Michael T. Broderick acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $32.30 per share, with a total value of $161,500.00. Following the completion of the transaction, the chief executive officer now owns 90,487 shares of the company’s stock, valued at $2,922,730.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

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.