MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 33.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,131 shares of the industrial products company’s stock after selling 564 shares during the quarter. Signaturefd LLC’s holdings in MSC Industrial Direct were worth $84,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in shares of MSC Industrial Direct by 53.0% in the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 141 shares in the last quarter. Allworth Financial LP lifted its holdings in MSC Industrial Direct by 412.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 342 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of MSC Industrial Direct by 54.0% during the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 167 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of MSC Industrial Direct during the fourth quarter worth about $36,000. Finally, V Square Quantitative Management LLC raised its position in shares of MSC Industrial Direct by 77.0% in the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Stock Up 3.3 %

Shares of NYSE MSM opened at $80.12 on Tuesday. The stock has a market capitalization of $4.48 billion, a PE ratio of 19.12 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $80.30 and a 200-day moving average of $81.47. MSC Industrial Direct Co., Inc. has a 52-week low of $72.79 and a 52-week high of $100.35.

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

Wall Street Analysts Forecast Growth

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

MSC Industrial Direct 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.