Dynamic Technology Lab Private Ltd Takes Position in Monro, Inc. (NASDAQ:MNRO)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Monro, Inc. (NASDAQ:MNRO) during the fourth quarter, Holdings Channel.com reports. The fund purchased 48,682 shares of the auto parts company’s stock, valued at approximately $1,207,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MNRO. Wellington Management Group LLP grew its stake in Monro by 20.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company’s stock valued at $46,374,000 after purchasing an additional 273,265 shares during the period. State Street Corp grew its position in Monro by 0.8% during the third quarter. State Street Corp now owns 1,344,978 shares of the auto parts company’s stock valued at $38,816,000 after buying an additional 11,265 shares during the period. Pacer Advisors Inc. purchased a new stake in Monro during the fourth quarter worth about $28,899,000. William Blair Investment Management LLC raised its position in Monro by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company’s stock worth $27,801,000 after acquiring an additional 23,184 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Monro by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 837,302 shares of the auto parts company’s stock valued at $20,769,000 after acquiring an additional 14,052 shares during the last quarter.

Monro Stock Up 5.5 %

MNRO opened at $15.27 on Friday. Monro, Inc. has a 12 month low of $13.83 and a 12 month high of $31.53. The company has a market cap of $457.32 million, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $17.80 and a 200 day moving average of $23.44.

Monro (NASDAQ:MNRO) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a net margin of 1.64% and a return on equity of 3.76%. On average, sell-side analysts expect that Monro, Inc. will post 0.63 EPS for the current year.

Monro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date was Tuesday, February 25th. Monro’s payout ratio is 175.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MNRO. Stephens raised shares of Monro from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Friday. Wells Fargo & Company decreased their target price on Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Finally, Wedbush dropped their price target on Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st.

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.