Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,844 shares of the industrial products company’s stock after purchasing an additional 1,024 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MSC Industrial Direct were worth $959,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in MSC Industrial Direct by 8,289.7% during the third quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company’s stock worth $1,466,000 after acquiring an additional 16,828 shares during the period. Barclays PLC grew its holdings in MSC Industrial Direct by 36.9% in the third quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock valued at $2,195,000 after purchasing an additional 6,864 shares during the period. Pathstone Holdings LLC grew its holdings in MSC Industrial Direct by 36.4% in the third quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company’s stock valued at $1,989,000 after purchasing an additional 6,172 shares during the period. XTX Topco Ltd grew its holdings in MSC Industrial Direct by 398.1% in the third quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company’s stock valued at $1,365,000 after purchasing an additional 12,676 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in MSC Industrial Direct by 8.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 26,035 shares of the industrial products company’s stock valued at $1,945,000 after purchasing an additional 2,136 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stephens lowered MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a report on Wednesday, December 4th. Wolfe Research initiated coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, MSC Industrial Direct currently has a consensus rating of “Hold” and an average price target of $83.80.

MSC Industrial Direct Stock Performance

Shares of MSC Industrial Direct stock opened at $78.21 on Friday. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $100.35. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 18.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The business’s 50 day moving average price is $80.40 and its 200 day moving average price is $81.46.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, research analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.