Cerity Partners LLC Invests $2.42 Million in Monro, Inc. (NASDAQ:MNRO)

Cerity Partners LLC purchased a new stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MNRO. BlackRock Inc. grew its holdings in shares of Monro by 1.0% in the first quarter. BlackRock Inc. now owns 5,268,641 shares of the auto parts company's stock worth $233,612,000 after purchasing an additional 50,712 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Monro by 0.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,918,309 shares of the auto parts company's stock worth $168,017,000 after purchasing an additional 25,395 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Monro by 2.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,918,267 shares of the auto parts company's stock worth $177,106,000 after purchasing an additional 79,251 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Monro by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,701,121 shares of the auto parts company's stock worth $160,850,000 after purchasing an additional 12,548 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Monro by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,494,825 shares of the auto parts company's stock worth $73,888,000 after purchasing an additional 76,612 shares during the last quarter.

Insider Buying and Selling

In other Monro news, CEO Michael T. Broderick purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $32.30 per share, with a total value of $161,500.00. Following the completion of the purchase, the chief executive officer now directly owns 90,487 shares of the company's stock, valued at approximately $2,922,730.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by insiders.

Monro Trading Down 0.5 %

Shares of Monro stock traded down $0.16 on Friday, hitting $29.58. The stock had a trading volume of 217,000 shares, compared to its average volume of 403,812. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 0.54. Monro, Inc. has a one year low of $22.72 and a one year high of $50.20. The stock has a market cap of $884.44 million, a price-to-earnings ratio of 27.65, a PEG ratio of 1.17 and a beta of 1.11. The stock's 50-day simple moving average is $31.18 and its two-hundred day simple moving average is $29.63.

Monro (NASDAQ:MNRO - Get Free Report) last issued its earnings results on Wednesday, January 24th. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Monro had a net margin of 2.68% and a return on equity of 5.59%. The firm had revenue of $317.65 million for the quarter, compared to analysts' expectations of $324.75 million. During the same quarter last year, the business earned $0.43 earnings per share. The business's revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Monro, Inc. will post 1.45 EPS for the current year.

Monro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Thursday, March 7th. Monro's payout ratio is 104.67%.

Monro 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.