3,999 Shares in MSC Industrial Direct Co Inc (MSM) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in MSC Industrial Direct Co Inc (NYSE:MSM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,999 shares of the industrial products company’s stock, valued at approximately $308,000.

Several other large investors also recently added to or reduced their stakes in MSM. River Road Asset Management LLC acquired a new position in shares of MSC Industrial Direct in the 4th quarter valued at $48,220,000. Raymond James & Associates raised its stake in shares of MSC Industrial Direct by 75.4% during the 4th quarter. Raymond James & Associates now owns 761,968 shares of the industrial products company’s stock worth $58,610,000 after purchasing an additional 327,660 shares in the last quarter. Deutsche Bank AG raised its stake in shares of MSC Industrial Direct by 121.2% during the 3rd quarter. Deutsche Bank AG now owns 413,937 shares of the industrial products company’s stock worth $36,469,000 after purchasing an additional 226,773 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of MSC Industrial Direct by 709.7% during the 3rd quarter. Federated Investors Inc. PA now owns 235,789 shares of the industrial products company’s stock worth $20,775,000 after purchasing an additional 206,669 shares in the last quarter. Finally, Poplar Forest Capital LLC raised its stake in shares of MSC Industrial Direct by 29.2% during the 4th quarter. Poplar Forest Capital LLC now owns 823,055 shares of the industrial products company’s stock worth $63,309,000 after purchasing an additional 186,074 shares in the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

Shares of MSM stock opened at $82.37 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.23. MSC Industrial Direct Co Inc has a twelve month low of $73.28 and a twelve month high of $96.58. The company has a market capitalization of $4.64 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.44 and a beta of 0.86.



MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 9th. The industrial products company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. MSC Industrial Direct had a return on equity of 21.97% and a net margin of 10.53%. The business had revenue of $831.60 million for the quarter, compared to the consensus estimate of $830.60 million. During the same period last year, the business earned $1.05 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that MSC Industrial Direct Co Inc will post 5.79 EPS for the current year.

A number of equities research analysts have recently weighed in on MSM shares. Wells Fargo & Co cut their price target on MSC Industrial Direct from $87.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, December 21st. Jefferies Financial Group started coverage on MSC Industrial Direct in a research note on Monday, January 7th. They set a “buy” rating and a $92.00 price target for the company. Zacks Investment Research downgraded MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Buckingham Research set a $83.00 price objective on MSC Industrial Direct and gave the company a “hold” rating in a research note on Thursday, January 10th. Finally, Stephens downgraded MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price objective on the stock. in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $93.89.

In other MSC Industrial Direct news, Director Denis F. Kelly sold 1,180 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $82.18, for a total value of $96,972.40. Following the sale, the director now owns 9,980 shares of the company’s stock, valued at approximately $820,156.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory Polli sold 12,736 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $82.60, for a total value of $1,051,993.60. The disclosure for this sale can be found here. Insiders sold a total of 19,810 shares of company stock worth $1,635,422 over the last three months. 27.96% of the stock is owned by company insiders.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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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