William Blair Weighs in on MSC Industrial Direct Co.’s FY2018 Earnings (MSM)
MSC Industrial Direct Co. (NYSE:MSM) – Investment analysts at William Blair issued their FY2018 EPS estimates for shares of MSC Industrial Direct in a research report issued to clients and investors on Friday. William Blair analyst R. Merkel forecasts that the firm will earn $4.20 per share for the year.
Several other equities analysts have also issued reports on the company. Macquarie initiated coverage on MSC Industrial Direct in a report on Thursday, August 25th. They issued a “neutral” rating and a $80.00 target price for the company. Credit Suisse Group AG initiated coverage on MSC Industrial Direct in a report on Saturday, June 18th. They issued a “sell” rating for the company. Barclays PLC upped their target price on MSC Industrial Direct from $64.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, July 7th. Zacks Investment Research lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $78.00 target price (down from $80.00) on shares of MSC Industrial Direct in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three 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 $75.44.
Shares of MSC Industrial Direct (NYSE:MSM) traded down 2.21% during trading on Monday, reaching $73.33. The company’s stock had a trading volume of 754,501 shares. The stock has a market cap of $4.51 billion, a P/E ratio of 19.77 and a beta of 0.70. MSC Industrial Direct has a 52-week low of $54.19 and a 52-week high of $78.35. The stock has a 50-day moving average of $73.06 and a 200-day moving average of $73.54.
In other MSC Industrial Direct news, SVP Steve Armstrong sold 3,732 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $73.35, for a total transaction of $273,742.20. Following the sale, the senior vice president now owns 16,144 shares in the company, valued at $1,184,162.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 31.75% of the company’s stock.
Large investors have recently bought and sold shares of the company. Glenmede Trust Co. NA bought a new stake in MSC Industrial Direct during the first quarter valued at about $789,000. Aperio Group LLC increased its stake in MSC Industrial Direct by 55.6% in the first quarter. Aperio Group LLC now owns 9,690 shares of the company’s stock valued at $739,000 after buying an additional 3,464 shares in the last quarter. Virginia Retirement System bought a new stake in MSC Industrial Direct during the first quarter valued at about $1,106,000. TIAA CREF Investment Management LLC increased its stake in MSC Industrial Direct by 88.4% in the first quarter. TIAA CREF Investment Management LLC now owns 273,279 shares of the company’s stock valued at $20,854,000 after buying an additional 128,254 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in MSC Industrial Direct by 29.0% in the first quarter. Teachers Advisors Inc. now owns 49,988 shares of the company’s stock valued at $3,815,000 after buying an additional 11,225 shares in the last quarter. Hedge funds and other institutional investors own 78.44% of the company’s stock.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).
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