MSC Industrial Direct Company, Inc. (NYSE:MSM) Stock Holdings Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 18.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,935 shares of the industrial products company’s stock after selling 919 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in MSC Industrial Direct were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in MSC Industrial Direct by 29.2% in the fourth quarter. First Trust Advisors LP now owns 1,987,455 shares of the industrial products company’s stock valued at $148,443,000 after buying an additional 448,708 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in MSC Industrial Direct by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,079,474 shares of the industrial products company’s stock valued at $80,621,000 after buying an additional 102,660 shares during the last quarter. Victory Capital Management Inc. increased its holdings in MSC Industrial Direct by 445.4% in the first quarter. Victory Capital Management Inc. now owns 779,800 shares of the industrial products company’s stock valued at $60,567,000 after buying an additional 636,827 shares during the last quarter. Mackenzie Financial Corp increased its holdings in MSC Industrial Direct by 6,108.1% in the first quarter. Mackenzie Financial Corp now owns 505,960 shares of the industrial products company’s stock valued at $39,298,000 after buying an additional 497,810 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in MSC Industrial Direct in the fourth quarter valued at about $35,576,000. 79.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSM shares. JPMorgan Chase & Co. raised MSC Industrial Direct from a “neutral” rating to an “overweight” rating and upped their target price for the company from $73.00 to $89.00 in a report on Tuesday, May 27th. Robert W. Baird upped their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Loop Capital upped their target price on MSC Industrial Direct from $74.00 to $84.00 and gave the company a “hold” rating in a report on Wednesday, July 2nd. Industrial Alliance Securities set a $89.00 target price on MSC Industrial Direct in a report on Tuesday, May 27th. Finally, Stephens upped their target price on MSC Industrial Direct from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.33.

MSC Industrial Direct Stock Performance

Shares of MSM stock opened at $87.00 on Friday. MSC Industrial Direct Company, Inc. has a 12-month low of $68.10 and a 12-month high of $92.68. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 24.58 and a beta of 0.92. The business has a 50 day simple moving average of $86.10 and a 200 day simple moving average of $81.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 0.91.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, July 1st. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. MSC Industrial Direct had a return on equity of 14.99% and a net margin of 5.30%. The business had revenue of $971.15 million during the quarter, compared to analyst estimates of $969.72 million. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, July 9th. MSC Industrial Direct’s dividend payout ratio is 96.05%.

Insider Transactions at MSC Industrial Direct

In other MSC Industrial Direct news, SVP Kimberly Shacklett sold 2,130 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $92.00, for a total value of $195,960.00. Following the completion of the sale, the senior vice president directly owned 14,657 shares in the company, valued at $1,348,444. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.30% of the stock is owned by company insiders.

About MSC Industrial Direct

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.