AQR Capital Management LLC Sells 11,591 Shares of Monro, Inc. (NASDAQ:MNRO)

AQR Capital Management LLC trimmed its holdings in Monro, Inc. (NASDAQ:MNRO) by 23.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,746 shares of the auto parts company’s stock after selling 11,591 shares during the quarter. AQR Capital Management LLC owned about 0.13% of Monro worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in shares of Monro by 99.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 523 shares during the last quarter. Wasatch Advisors LP increased its stake in Monro by 3.0% during the 1st quarter. Wasatch Advisors LP now owns 20,958 shares of the auto parts company’s stock valued at $661,000 after purchasing an additional 615 shares in the last quarter. EntryPoint Capital LLC raised its holdings in Monro by 33.9% in the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company’s stock worth $100,000 after buying an additional 802 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Monro by 32.5% in the first quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company’s stock worth $116,000 after buying an additional 902 shares in the last quarter. Finally, Pullen Investment Management LLC grew its holdings in shares of Monro by 3.4% during the second quarter. Pullen Investment Management LLC now owns 44,366 shares of the auto parts company’s stock valued at $1,058,000 after buying an additional 1,463 shares during the last quarter.

Monro Price Performance

Shares of MNRO opened at $26.91 on Friday. Monro, Inc. has a twelve month low of $21.00 and a twelve month high of $33.98. The company has a market capitalization of $805.17 million, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The firm has a 50 day moving average of $26.80 and a 200 day moving average of $26.44. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 0.55.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.21. Monro had a return on equity of 5.90% and a net margin of 2.78%. The firm had revenue of $293.20 million during the quarter, compared to analysts’ expectations of $293.70 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Monro, Inc. will post 1 earnings per share for the current fiscal year.

Monro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.16%. Monro’s dividend payout ratio is presently 94.92%.

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.