Monro, Inc. (NASDAQ:MNRO) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its position in Monro, Inc. (NASDAQ:MNRO) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 612,706 shares of the auto parts company’s stock after selling 50,934 shares during the period. Aristotle Capital Boston LLC’s holdings in Monro were worth $15,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its position in Monro by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 55,723 shares of the auto parts company’s stock valued at $1,382,000 after acquiring an additional 1,217 shares during the period. D.B. Root & Company LLC lifted its stake in shares of Monro by 8.7% in the 4th quarter. D.B. Root & Company LLC now owns 15,467 shares of the auto parts company’s stock valued at $384,000 after purchasing an additional 1,233 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Monro by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 1,506 shares during the period. Inspire Investing LLC increased its position in Monro by 14.3% during the 4th quarter. Inspire Investing LLC now owns 16,299 shares of the auto parts company’s stock worth $404,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Monro in the fourth quarter valued at approximately $52,000.

Monro Trading Up 0.6 %

MNRO opened at $14.23 on Friday. The firm’s 50 day moving average is $15.58 and its 200-day moving average is $21.49. Monro, Inc. has a 52-week low of $13.50 and a 52-week high of $31.49. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $426.17 million, a P/E ratio of 22.23, a P/E/G ratio of 2.05 and a beta of 1.09.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 7.87%. Monro’s payout ratio is currently 175.00%.

Analyst Ratings Changes

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

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.