GAMMA Investing LLC Makes New $40,000 Investment in MSC Industrial Direct Co., Inc. (NYSE:MSM)

GAMMA Investing LLC purchased a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 406 shares of the industrial products company’s stock, valued at approximately $40,000.

A number of other large investors have also bought and sold shares of the stock. Linden Thomas Advisory Services LLC grew its holdings in MSC Industrial Direct by 3.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,778 shares of the industrial products company’s stock worth $1,496,000 after purchasing an additional 482 shares during the period. California Public Employees Retirement System increased its position in shares of MSC Industrial Direct by 1.5% during the fourth quarter. California Public Employees Retirement System now owns 99,956 shares of the industrial products company’s stock worth $10,122,000 after acquiring an additional 1,484 shares in the last quarter. Duality Advisers LP bought a new stake in shares of MSC Industrial Direct during the fourth quarter worth about $1,668,000. Signaturefd LLC increased its position in shares of MSC Industrial Direct by 52.0% during the fourth quarter. Signaturefd LLC now owns 3,050 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 1,044 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of MSC Industrial Direct during the fourth quarter worth about $309,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

MSC Industrial Direct Trading Up 0.5 %

Shares of MSM stock opened at $91.62 on Friday. MSC Industrial Direct Co., Inc. has a 52-week low of $88.77 and a 52-week high of $105.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. The company has a 50-day simple moving average of $95.83 and a two-hundred day simple moving average of $97.35. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.45 and a beta of 0.96.

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

MSC Industrial Direct Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp decreased 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 report on Wednesday, January 10th. StockNews.com downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Stephens reissued an “overweight” rating and set a $110.00 target price on shares of MSC Industrial Direct in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.00.

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.