Vanguard Group Inc. Has $472.79 Million Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Vanguard Group Inc. raised its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,817,016 shares of the industrial products company’s stock after purchasing an additional 197,193 shares during the quarter. Vanguard Group Inc. owned 0.08% of MSC Industrial Direct worth $472,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings in MSC Industrial Direct by 168.8% during the third quarter. Quent Capital LLC now owns 516 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 324 shares in the last quarter. Altshuler Shaham Ltd raised its stake in shares of MSC Industrial Direct by 154.8% in the fourth quarter. Altshuler Shaham Ltd now owns 800 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 486 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of MSC Industrial Direct in the third quarter valued at approximately $93,000. USA Financial Formulas raised its stake in shares of MSC Industrial Direct by 5,345.0% in the third quarter. USA Financial Formulas now owns 1,089 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of MSC Industrial Direct by 57.2% in the second quarter. Huntington National Bank now owns 1,132 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 412 shares during the last quarter. 89.51% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Stock Performance

NYSE:MSM opened at $98.45 on Monday. MSC Industrial Direct Co., Inc. has a 1 year low of $79.26 and a 1 year high of $105.77. The firm has a 50 day moving average of $98.41 and a 200-day moving average of $98.27. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $5.55 billion, a P/E ratio of 16.74 and a beta of 0.96.

MSC Industrial Direct (NYSE:MSMGet Free Report) last posted its quarterly earnings data on Tuesday, January 9th. The industrial products company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.05). MSC Industrial Direct had a return on equity of 23.46% and a net margin of 8.27%. The company had revenue of $954.00 million during the quarter, compared to the consensus estimate of $971.31 million. During the same quarter last year, the firm earned $1.48 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that MSC Industrial Direct Co., Inc. will post 5.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, KeyCorp cut their target price on shares of MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, January 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Get Our Latest Stock Report on MSM

Insider Buying and Selling

In related news, Director Mitchell Jacobson sold 51,040 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $97.31, for a total value of $4,966,702.40. Following the completion of the transaction, the director now owns 1,907,271 shares in the company, valued at approximately $185,596,541.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MSC Industrial Direct news, CEO Erik Gershwind sold 15,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $96.15, for a total transaction of $1,442,250.00. Following the completion of the sale, the chief executive officer now owns 1,417,038 shares in the company, valued at approximately $136,248,203.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell Jacobson sold 51,040 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $97.31, for a total transaction of $4,966,702.40. Following the transaction, the director now owns 1,907,271 shares of the company’s stock, valued at $185,596,541.01. The disclosure for this sale can be found here. Insiders sold 254,503 shares of company stock worth $24,841,663 in the last quarter. Insiders own 18.80% of the company’s stock.

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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