1 week Ago By Defense World Staff
Invesco Ltd. grew its stake in shares of Monro, Inc. ( NASDAQ:MNRO – Free Report ) by 12.
4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 215,851 shares of the auto parts company’s stock after acquiring an additional 23,872 shares during the quarter. Invesco Ltd.
owned about 0.72% of Monro worth $5,353,000 as of its most recent SEC filing. Several other large investors also recently modified their holdings of the stock.
Pacer Advisors Inc. acquired a new stake in shares of Monro in the 4th quarter valued at $28,899,000. Trexquant Investment LP bought a new stake in shares of Monro during the 4th quarter worth $3,561,000.
Empowered Funds LLC acquired a new stake in Monro in the fourth quarter valued at about $3,327,000. Victory Capital Management Inc. grew its position in Monro by 1,288.
0% in the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company’s stock valued at $3,500,000 after acquiring an additional 130,954 shares during the last quarter.
Finally, JPMorgan Chase & Co. raised its stake in Monro by 68.3% during the fourth quarter.
JPMorgan Chase & Co. now owns 152,710 shares of the auto parts company’s stock worth $3,787,000 after acquiring an additional 61,988 shares in the last quarter. Analyst Upgrades and Downgrades MNRO has been the topic of a number of research analyst reports.
Stephens upgraded shares of 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 research note on Friday, April 4th.
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 report on Tuesday, April 1st.
Finally, Wells Fargo & Company lowered their price target on shares of Monro from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, January 27th.
Monro Stock Performance Monro stock opened at $14.52 on Friday. The business has a 50 day moving average of $16.
04 and a 200-day moving average of $21.89. The company has a market capitalization of $434.
86 million, a P/E ratio of 22.69, a P/E/G ratio of 2.05 and a beta of 1.
09. Monro, Inc. has a 1 year low of $13.
50 and a 1 year high of $31.49. The company has a debt-to-equity ratio of 0.
45, a current ratio of 0.54 and a quick ratio of 0.19.
Monro ( NASDAQ:MNRO – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th. The auto parts company reported $0.19 earnings per share (EPS) 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, equities research analysts predict that Monro, Inc.
will post 0.63 earnings per share for the current year. 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 given a dividend of $0.28 per share. This represents a $1.
12 annualized dividend and a yield of 7.71%. The ex-dividend date was Tuesday, February 25th.
Monro’s dividend payout ratio is currently 175.00%. Monro Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Monro How to Invest in Biotech Stocks Markets Think Robinhood Earnings Could Send the Stock Up When to Sell a Stock for Profit or Loss Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? 10 Best Airline Stocks to Buy AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for Monro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro and related companies with MarketBeat.
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