Cerity Partners LLC Purchases New Stake in Monro, Inc. (NASDAQ:MNRO)

Cerity Partners LLC purchased a new stake in shares of Monro, Inc. (NASDAQ:MNRO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 82,474 shares of the auto parts company’s stock, valued at approximately $2,420,000. Cerity Partners LLC owned about 0.26% of Monro as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Monro by 3.9% in the 1st quarter. Raymond James & Associates now owns 84,997 shares of the auto parts company’s stock worth $3,769,000 after purchasing an additional 3,227 shares in the last quarter. Citigroup Inc. raised its holdings in Monro by 8.0% in the 1st quarter. Citigroup Inc. now owns 31,255 shares of the auto parts company’s stock worth $1,386,000 after purchasing an additional 2,319 shares in the last quarter. Bank of Montreal Can raised its holdings in Monro by 4.7% in the 1st quarter. Bank of Montreal Can now owns 9,728 shares of the auto parts company’s stock worth $451,000 after purchasing an additional 434 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Monro by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 17,374 shares of the auto parts company’s stock worth $770,000 after purchasing an additional 6,138 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Monro in the 1st quarter worth $289,000.

Monro Stock Up 0.5 %

Shares of NASDAQ MNRO opened at $29.74 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.23 and a debt-to-equity ratio of 0.54. Monro, Inc. has a 12 month low of $22.72 and a 12 month high of $50.20. The firm has a market capitalization of $889.29 million, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The firm has a fifty day simple moving average of $31.24 and a two-hundred day simple moving average of $29.61.

Monro (NASDAQ:MNRO) last issued its quarterly earnings data on Wednesday, January 24th. The auto parts company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $317.65 million during the quarter, compared to analyst estimates of $324.75 million. Monro had a net margin of 2.68% and a return on equity of 5.59%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Equities analysts expect that Monro, Inc. will post 1.45 earnings per share for the current year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, March 7th. Monro’s dividend payout ratio is presently 104.67%.

Insider Transactions at Monro

In other Monro news, CEO Michael T. Broderick bought 5,000 shares of Monro stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $32.30 per share, with a total value of $161,500.00. Following the transaction, the chief executive officer now directly owns 90,487 shares of the company’s stock, valued at $2,922,730.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

About Monro

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.