Leith Wheeler Investment Counsel Ltd. Purchases 1,440 Shares of MSC Industrial Direct Co Inc (NYSE:MSM)

Leith Wheeler Investment Counsel Ltd. lifted its position in MSC Industrial Direct Co Inc (NYSE:MSM) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,922 shares of the industrial products company’s stock after purchasing an additional 1,440 shares during the period. MSC Industrial Direct comprises approximately 1.4% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 15th biggest holding. Leith Wheeler Investment Counsel Ltd. owned about 0.12% of MSC Industrial Direct worth $4,636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MSM. First Trust Advisors LP grew its holdings in shares of MSC Industrial Direct by 7.7% in the first quarter. First Trust Advisors LP now owns 482,349 shares of the industrial products company’s stock worth $39,895,000 after purchasing an additional 34,638 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of MSC Industrial Direct by 0.7% in the first quarter. Parametric Portfolio Associates LLC now owns 142,279 shares of the industrial products company’s stock worth $11,768,000 after purchasing an additional 992 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in MSC Industrial Direct by 1,640.6% in the first quarter. Acadian Asset Management LLC now owns 8,825 shares of the industrial products company’s stock valued at $730,000 after acquiring an additional 8,318 shares in the last quarter. BlackRock Inc. boosted its holdings in MSC Industrial Direct by 1.3% in the first quarter. BlackRock Inc. now owns 4,198,017 shares of the industrial products company’s stock valued at $347,219,000 after acquiring an additional 54,560 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in MSC Industrial Direct by 25.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,813 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 75.32% of the company’s stock.

Several research firms recently weighed in on MSM. Zacks Investment Research cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Co set a $65.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a report on Monday, September 23rd. ValuEngine upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Wednesday. Raymond James cut shares of MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a report on Thursday, September 12th. Finally, Buckingham Research cut their price target on shares of MSC Industrial Direct from $77.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $78.34.

Shares of MSC Industrial Direct stock traded up $0.73 during trading hours on Friday, reaching $69.95. 7,734 shares of the stock traded hands, compared to its average volume of 455,412. The company has a 50 day moving average price of $69.23 and a 200 day moving average price of $74.10. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.04 and a beta of 0.91. MSC Industrial Direct Co Inc has a one year low of $64.59 and a one year high of $90.25. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.20.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.05). The firm had revenue of $866.50 million for the quarter, compared to the consensus estimate of $881.62 million. MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Sell-side analysts anticipate that MSC Industrial Direct Co Inc will post 5.24 earnings per share for the current year.

About MSC Industrial Direct

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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