Stephens Inc. AR Increases Holdings in MSC Industrial Direct Company, Inc. (MSM)

Stephens Inc. AR boosted its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,900 shares of the industrial products company’s stock after acquiring an additional 3,661 shares during the period. Stephens Inc. AR owned about 0.09% of MSC Industrial Direct worth $3,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its position in MSC Industrial Direct by 1.7% during the first quarter. State Street Corp now owns 1,203,471 shares of the industrial products company’s stock worth $123,670,000 after acquiring an additional 20,473 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of MSC Industrial Direct in the second quarter valued at approximately $281,000. Westpac Banking Corp raised its position in shares of MSC Industrial Direct by 7.3% in the second quarter. Westpac Banking Corp now owns 69,500 shares of the industrial products company’s stock valued at $5,974,000 after buying an additional 4,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of MSC Industrial Direct by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 421,929 shares of the industrial products company’s stock valued at $43,356,000 after buying an additional 9,409 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of MSC Industrial Direct by 6.9% in the first quarter. SRS Capital Advisors Inc. now owns 3,393 shares of the industrial products company’s stock valued at $348,000 after buying an additional 218 shares during the last quarter. Institutional investors own 75.69% of the company’s stock.

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MSM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Saturday, July 8th. TheStreet lowered shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price target (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Monday, June 12th. BMO Capital Markets dropped their price target on shares of MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Finally, Northcoast Research assumed coverage on shares of MSC Industrial Direct in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $91.75.

MSC Industrial Direct Company, Inc. (NYSE MSM) traded up 1.00% during mid-day trading on Tuesday, hitting $70.82. 43,554 shares of the company were exchanged. MSC Industrial Direct Company, Inc. has a 12-month low of $65.42 and a 12-month high of $105.70. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 17.66 and a beta of 0.51. The stock’s 50 day moving average is $69.42 and its 200-day moving average is $85.14.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The business had revenue of $743.90 million during the quarter, compared to analysts’ expectations of $744.49 million. During the same period in the previous year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts predict that MSC Industrial Direct Company, Inc. will post $3.97 EPS for the current year.

In other news, Director Philip Peller acquired 1,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was purchased at an average cost of $72.00 per share, with a total value of $72,000.00. Following the acquisition, the director now owns 2,422 shares of the company’s stock, valued at approximately $174,384. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 31.28% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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