Landscape Capital Management L.L.C. Buys Shares of 42,444 Monro Inc (MNRO)
Landscape Capital Management L.L.C. bought a new stake in Monro Inc (NASDAQ:MNRO) during the fourth quarter, HoldingsChannel reports. The fund bought 42,444 shares of the auto parts company’s stock, valued at approximately $2,417,000.
Other large investors have also recently added to or reduced their stakes in the company. Donald L. Hagan LLC purchased a new position in shares of Monro during the 4th quarter worth about $639,000. Aperio Group LLC lifted its holdings in shares of Monro by 47.7% during the 3rd quarter. Aperio Group LLC now owns 11,285 shares of the auto parts company’s stock worth $633,000 after acquiring an additional 3,643 shares during the period. State Street Corp lifted its holdings in shares of Monro by 5.3% during the 2nd quarter. State Street Corp now owns 890,786 shares of the auto parts company’s stock worth $37,189,000 after acquiring an additional 45,109 shares during the period. FDx Advisors Inc. lifted its holdings in shares of Monro by 10.5% during the 3rd quarter. FDx Advisors Inc. now owns 22,895 shares of the auto parts company’s stock worth $1,283,000 after acquiring an additional 2,179 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Monro by 7.0% during the 3rd quarter. Rhumbline Advisers now owns 76,941 shares of the auto parts company’s stock worth $4,313,000 after acquiring an additional 5,030 shares during the period.
Shares of Monro Inc (MNRO) opened at $52.10 on Friday. The stock has a market cap of $1,708.62, a P/E ratio of 27.57, a P/E/G ratio of 1.84 and a beta of 0.70. Monro Inc has a 1 year low of $39.65 and a 1 year high of $64.15. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 15th. Monro’s dividend payout ratio (DPR) is presently 42.60%.
In related news, insider Maureen Mulholland sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $153,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen C. Mccluski sold 10,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $55.51, for a total transaction of $555,100.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.
Several brokerages have recently weighed in on MNRO. BidaskClub upgraded shares of Monro from a “hold” rating to a “buy” rating in a report on Friday, January 26th. TheStreet upgraded shares of Monro from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Oppenheimer reiterated a “buy” rating on shares of Monro in a report on Friday, December 15th. Jefferies Group reissued a “hold” rating on shares of Monro in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of Monro from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.33.
Monro Company Profile
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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