ProShare Advisors LLC Invests in Monro, in 4th Quarter
May 6, 2023
Trending News 🌥️
In the fourth quarter of 2020, ProShare Advisors LLC initiated a position in Monro ($NASDAQ:MNRO), Inc., a leading provider of automotive undercar repair and tire services. Monro serves both individual consumers and businesses. ProShare Advisors LLC’s decision to invest in Monro is reflective of the company’s strong fundamentals and growth potential. This investment signals a long-term commitment to the company’s future and provides a potential opportunity for growth for ProShare Advisors LLC.
Stock Price
This news sent the stock price of MONRO to open higher at $48.4 and close at $48.8, recording a 1.8% increase from its last closing price of $48.0. This signifies that the investment by ProShare Advisors LLC has been largely viewed as a positive move by investors, who have responded with confidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Monro. More…
| Total Revenues | Net Income | Net Margin |
| 1.34k | 46.78 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Monro. More…
| Operations | Investing | Financing |
| 217.71 | 25.21 | -239.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Monro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.8k | 1.1k | 22.33 |
Key Ratios Snapshot
Some of the financial key ratios for Monro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | -13.1% | 6.3% |
| FCF Margin | ROE | ROA |
| 13.3% | 7.5% | 3.0% |
Analysis
We recently conducted an analysis of MONRO‘s wellbeing and found them to be a medium risk investment according to our Risk Rating. We have detected 3 risk warnings that could potentially impact the company’s financial and business aspects. These factors include income sheet, balance sheet, and non financial. Our analysis revealed that MONRO has a medium risk of becoming insolvent or taking a financial hit. We suggest that those looking to invest in MONRO should register with us to get the full scope of our findings and risk warnings. Taking a look at all factors before investing is always a smart move. More…
Peers
Monro Inc is in a fiercely competitive market, with HyUnion Holding Co Ltd, Strattec Security Corp, and Odyne Corp all vying for the top spot. Monro Inc has been striving to stay ahead by providing high-quality products and services, and by continuously innovating to meet the ever-changing demands of the market.
– HyUnion Holding Co Ltd ($SZSE:002537)
HyUnion Holding Co Ltd is a Chinese multinational conglomerate that specializes in the engineering, manufacturing, and sales of industrial equipment and services. The company has a market capitalization of 9 billion dollars as of 2023, and a return on equity of 3.11%. This indicates that the company has a strong financial position and is able to generate a reasonable return on its shareholders’ investments. The company’s strong financial performance likely stems from its diversified portfolio of products and services which includes engineering, manufacturing, and sales of industrial equipment and services. This diversification has allowed HyUnion to remain competitive in the global market and remain profitable despite a challenging economy.
– Strattec Security Corp ($NASDAQ:STRT)
Strattec Security Corp is a Milwaukee, Wisconsin-based automotive, commercial and consumer lock manufacturer. The company has an impressive market capitalization of 82.51 million dollars as of 2023, which is indicative of its strong financial standing and success in the industry. Additionally, its return on equity of 3.05% demonstrates that the company is able to efficiently utilize its resources to generate a healthy return on its investments. Strattec specializes in producing a wide range of automotive locks and keys, including the popular V.A.T.S., P.A.T.S., and Ignition Lock Cylinder systems. The company also provides aftermarket products such as locks, key blanks, and other related accessories.
– Odyne Corp ($OTCPK:ODYC)
Odyne Corp is a leading provider of advanced hybrid systems for medium and heavy-duty vehicles. With a market cap of 70.14k as of 2023, Odyne Corp is a relatively small company in terms of capitalization. Its Return on Equity (ROE) of -323.07% is an indication of the company’s financial challenges and a lack of profitability. The company has been making efforts to improve its financial performance by focusing on cost-saving measures and expanding its customer base. In addition, the company has been investing heavily in research and development to develop innovative solutions that can help reduce emissions and fuel consumption in commercial vehicles.
Summary
Monro, Inc. is an attractive investment option for those interested in the automotive aftermarket services industry. Recently, ProShare Advisors LLC acquired a new position in shares of Monro, Inc. This is a sign of confidence in the company, which has seen its stock rise in recent months. Monro has a history of good financial performance, with strong margins and good returns on equity. It also has a high gross margin and an expanding customer base.
Looking ahead, analysts are optimistic about Monro’s future prospects, expecting further growth in its sales and earnings in the coming quarters. Investors should consider Monro as a potential long-term addition to their portfolios.
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