SG Americas Securities LLC Grows Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

SG Americas Securities LLC boosted its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 1,702.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,202 shares of the industrial products company’s stock after purchasing an additional 20,970 shares during the period. SG Americas Securities LLC’s holdings in MSC Industrial Direct were worth $1,658,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSM. Quent Capital LLC raised its position in shares of MSC Industrial Direct by 57.0% in the 3rd quarter. Quent Capital LLC now owns 372 shares of the industrial products company’s stock worth $32,000 after buying an additional 135 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of MSC Industrial Direct by 53.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 141 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of MSC Industrial Direct by 2.4% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 6,925 shares of the industrial products company’s stock valued at $596,000 after purchasing an additional 161 shares in the last quarter. UMB Bank n.a. increased its position in 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 in the last quarter. Finally, US Bancorp DE raised its holdings in MSC Industrial Direct by 6.5% in the third quarter. US Bancorp DE now owns 2,833 shares of the industrial products company’s stock valued at $244,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Trading Up 0.6 %

Shares of MSM opened at $82.99 on Monday. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $104.76. The stock has a 50-day moving average price of $81.19 and a 200 day moving average price of $82.14. 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 company has a market capitalization of $4.64 billion, a P/E ratio of 19.81 and a beta of 0.91.

MSC Industrial Direct (NYSE:MSMGet Free Report) last released its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. Sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.40 annualized dividend and a dividend yield of 4.10%. MSC Industrial Direct’s payout ratio is 81.15%.

Insider Buying and Selling

In other news, CEO Erik Gershwind sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $90.36, for a total value of $4,518,000.00. Following the transaction, the chief executive officer now directly owns 1,402,849 shares in the company, valued at approximately $126,761,435.64. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philip Peller sold 900 shares of MSC Industrial Direct stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total transaction of $80,163.00. Following the completion of the transaction, the director now directly owns 4,044 shares of the company’s stock, valued at $360,199.08. This trade represents a 18.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MSM shares. JPMorgan Chase & Co. dropped their price objective on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. 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 research report on Wednesday, December 4th. Wolfe Research assumed coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They set an “outperform” rating and a $95.00 price objective on the stock. Finally, Robert W. Baird increased their target price on MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.80.

Get Our Latest Stock Report on MSM

MSC Industrial Direct Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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