BlueMountain Capital Management LLC lifted its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 79.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,968 shares of the industrial products company’s stock after purchasing an additional 10,143 shares during the quarter. BlueMountain Capital Management LLC owned 0.05% of MSC Industrial Direct worth $1,974,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MSC Industrial Direct by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 123 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of MSC Industrial Direct by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 88 shares in the last quarter. Invictus RG grew its holdings in shares of MSC Industrial Direct by 796.7% in the first quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 1,442 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of MSC Industrial Direct in the second quarter valued at $214,000. Finally, Cipher Capital LP purchased a new position in shares of MSC Industrial Direct in the second quarter valued at $216,000. 75.58% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Philip Peller purchased 1,000 shares of MSC Industrial Direct stock in a transaction on Wednesday, July 19th. The shares were bought at an average price of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now directly owns 2,422 shares of the company’s stock, valued at $174,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 31.28% of the stock is currently owned by corporate insiders.

MSM has been the subject of a number of recent research reports. J P Morgan Chase & Co initiated coverage on shares of MSC Industrial Direct in a report on Friday, June 2nd. They issued an “overweight” rating and a $91.00 target price for the company. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Thursday, June 8th. Stifel Nicolaus reissued a “hold” rating and issued a $88.00 target price (down from $92.00) on shares of MSC Industrial Direct in a report on Monday, June 12th. BidaskClub raised shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group cut their target price on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating for the company in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $91.75.

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Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at 72.42 on Tuesday. The company has a market capitalization of $4.12 billion, a P/E ratio of 18.06 and a beta of 0.51. The company has a 50-day moving average price of $69.41 and a 200-day moving average price of $83.93. MSC Industrial Direct Company, Inc. has a 12 month low of $65.42 and a 12 month high of $105.70.

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 for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $743.90 million during the quarter, compared to analysts’ expectations of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. On average, analysts forecast that MSC Industrial Direct Company, Inc. will post $3.97 EPS for the current fiscal year.

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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