Aristotle Capital Boston LLC Sells 50,934 Shares of Monro, Inc. (NASDAQ:MNRO)

Aristotle Capital Boston LLC reduced its position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 owned approximately 2.05% of Monro worth $15,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MNRO. Pacer Advisors Inc. acquired a new position in shares of Monro during the 4th quarter worth approximately $28,899,000. Cooper Creek Partners Management LLC boosted its position in Monro by 66.4% during the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company's stock worth $23,046,000 after purchasing an additional 370,960 shares during the period. Adage Capital Partners GP L.L.C. lifted its position 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 purchasing an additional 302,515 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Monro by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock valued at $39,957,000 after purchasing an additional 253,518 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Monro in the 4th quarter valued at about $3,561,000.

Monro Stock Performance

NASDAQ:MNRO traded down $0.42 during trading hours on Tuesday, hitting $13.35. 646,338 shares of the company traded hands, compared to its average volume of 681,286. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. Monro, Inc. has a twelve month low of $13.27 and a twelve month high of $31.49. The firm has a 50-day moving average of $15.48 and a 200 day moving average of $21.29. The stock has a market capitalization of $399.94 million, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.05 and a beta of 0.95.

Monro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 8.39%. The ex-dividend date was Tuesday, February 25th. Monro's payout ratio is presently 175.00%.

Wall Street Analysts Forecast Growth

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

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.