Kalmar Investments Inc. DE decreased its position in shares of MSC Industrial Direct Co. (NYSE:MSM) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,443 shares of the company’s stock after selling 48,782 shares during the period. Kalmar Investments Inc. DE owned 0.59% of MSC Industrial Direct worth $25,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of MSC Industrial Direct by 71.2% in the second quarter. LS Investment Advisors LLC now owns 2,968 shares of the company’s stock worth $209,000 after buying an additional 1,234 shares during the period. AMP Capital Investors Ltd acquired a new position in shares of MSC Industrial Direct during the first quarter worth about $259,000. Raymond James Trust N.A. raised its position in shares of MSC Industrial Direct by 2.0% in the second quarter. Raymond James Trust N.A. now owns 3,931 shares of the company’s stock worth $277,000 after buying an additional 76 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of MSC Industrial Direct during the first quarter worth about $345,000. Finally, M&T Bank Corp acquired a new position in shares of MSC Industrial Direct during the first quarter worth about $363,000. Hedge funds and other institutional investors own 78.43% of the company’s stock.

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

Shares of MSC Industrial Direct Co. (NYSE:MSM) traded up 1.03% during mid-day trading on Wednesday, hitting $71.77. The company’s stock had a trading volume of 483,211 shares. MSC Industrial Direct Co. has a 12-month low of $54.19 and a 12-month high of $78.35. The company has a market cap of $4.41 billion, a PE ratio of 19.35 and a beta of 0.70. The stock has a 50-day moving average of $72.90 and a 200-day moving average of $73.42.

A number of research analysts have recently issued reports on the company. Wells Fargo & Co. reiterated a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 4th. Barclays PLC increased their target price on MSC Industrial Direct from $64.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, July 7th. Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Credit Suisse Group AG assumed coverage on MSC Industrial Direct in a research report on Friday, August 19th. They set an “underperform” rating and a $65.00 target price on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $78.00 target price (down previously from $80.00) on shares of MSC Industrial Direct in a research 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 issued a buy rating to the company’s stock. MSC Industrial Direct currently has an average rating of “Hold” and a consensus price target of $75.44.

In other news, SVP Steve Armstrong sold 3,732 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $73.35, for a total value of $273,742.20. Following the transaction, the senior vice president now owns 16,144 shares of the company’s stock, valued at $1,184,162.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 31.75% of the stock is owned by insiders.

MSC Industrial Direct Company Profile

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).

5 Day Chart for NYSE:MSM

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