Parametric Portfolio Associates LLC increased its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,175 shares of the industrial products company’s stock after buying an additional 1,678 shares during the quarter. Parametric Portfolio Associates LLC owned 0.15% of MSC Industrial Direct worth $5,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of MSC Industrial Direct in the second quarter valued at approximately $1,231,000. ETRADE Capital Management LLC increased its stake in shares of MSC Industrial Direct by 5.4% in the second quarter. ETRADE Capital Management LLC now owns 6,858 shares of the industrial products company’s stock valued at $590,000 after buying an additional 353 shares during the period. GSA Capital Partners LLP increased its stake in shares of MSC Industrial Direct by 285.4% in the second quarter. GSA Capital Partners LLP now owns 9,593 shares of the industrial products company’s stock valued at $825,000 after buying an additional 7,104 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of MSC Industrial Direct by 15.3% in the second quarter. UBS Asset Management Americas Inc. now owns 282,831 shares of the industrial products company’s stock valued at $24,312,000 after buying an additional 37,508 shares during the period. Finally, Quantitative Investment Management LLC increased its stake in shares of MSC Industrial Direct by 1,169.6% in the second quarter. Quantitative Investment Management LLC now owns 71,100 shares of the industrial products company’s stock valued at $6,111,000 after buying an additional 65,500 shares during the period. 75.59% of the stock is owned by institutional investors.

Several research firms have recently issued reports on MSM. J P Morgan Chase & Co downgraded MSC Industrial Direct from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $80.00 to $76.00 in a research note on Friday, August 4th. BMO Capital Markets lowered their price objective on MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research note on Friday, July 14th. Susquehanna Bancshares Inc began coverage on MSC Industrial Direct in a research note on Monday, September 25th. They issued a “neutral” rating and a $77.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of MSC Industrial Direct in a research note on Tuesday, October 17th. Finally, Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $88.38.

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MSC Industrial Direct Company, Inc. (NYSE MSM) opened at 79.60 on Friday. The company has a market capitalization of $4.53 billion, a PE ratio of 19.85 and a beta of 0.54. MSC Industrial Direct Company, Inc. has a 12-month low of $65.42 and a 12-month high of $105.70. The firm’s 50 day moving average price is $74.05 and its 200-day moving average price is $79.68.

About MSC Industrial Direct

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.

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

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