Atria Wealth Solutions Inc. Purchases 2,357 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Atria Wealth Solutions Inc. boosted its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 38.1% during the 4th quarter, Holdings Channel reports. The fund owned 8,538 shares of the industrial products company’s stock after buying an additional 2,357 shares during the period. Atria Wealth Solutions Inc.’s holdings in MSC Industrial Direct were worth $865,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bison Wealth LLC raised its position in shares of MSC Industrial Direct by 7.3% during the fourth quarter. Bison Wealth LLC now owns 2,685 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 182 shares during the period. Verity Asset Management Inc. increased its stake in MSC Industrial Direct by 3.9% during the 3rd quarter. Verity Asset Management Inc. now owns 5,141 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 193 shares in the last quarter. Arizona State Retirement System raised its holdings in MSC Industrial Direct by 1.7% during the third quarter. Arizona State Retirement System now owns 13,495 shares of the industrial products company’s stock worth $1,325,000 after buying an additional 221 shares during the last quarter. Butensky & Cohen Financial Security Inc. lifted its stake in shares of MSC Industrial Direct by 0.5% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 50,106 shares of the industrial products company’s stock valued at $5,074,000 after buying an additional 240 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of MSC Industrial Direct during the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

MSM has been the topic of several recent research reports. StockNews.com cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Stephens restated an “overweight” rating and issued a $110.00 target price on shares of MSC Industrial Direct in a report on Monday, April 1st. Finally, KeyCorp decreased their price target on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, MSC Industrial Direct currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $91.62 on Friday. The stock has a market cap of $5.16 billion, a P/E ratio of 16.45 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 2.01 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average price is $96.01 and its two-hundred day moving average price is $97.49. MSC Industrial Direct Co., Inc. has a 52 week low of $88.77 and a 52 week high of $105.77.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. MSC Industrial Direct had a net margin of 7.89% and a return on equity of 22.58%. The company had revenue of $935.30 million during the quarter, compared to analyst estimates of $946.55 million. During the same quarter in the prior year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts predict that MSC Industrial Direct Co., Inc. will post 5.69 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.32 annualized dividend and a dividend yield of 3.62%. MSC Industrial Direct’s payout ratio is 59.61%.

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.