Ashler Capital LLC grew its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,487,013 shares of the industrial products company’s stock after buying an additional 160,053 shares during the quarter. MSC Industrial Direct accounts for 11.0% of Ashler Capital LLC’s portfolio, making the stock its 5th largest position. Ashler Capital LLC’s holdings in MSC Industrial Direct were worth $211,023,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. ING Groep NV purchased a new position in shares of MSC Industrial Direct during the 2nd quarter worth $596,000. NumerixS Investment Technologies Inc boosted its stake in shares of MSC Industrial Direct by 1,240.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,700 shares of the industrial products company’s stock worth $571,000 after acquiring an additional 6,200 shares during the last quarter. Tiverton Asset Management LLC boosted its stake in shares of MSC Industrial Direct by 8.5% during the 2nd quarter. Tiverton Asset Management LLC now owns 87,428 shares of the industrial products company’s stock worth $7,418,000 after acquiring an additional 6,833 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of MSC Industrial Direct by 3.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 26,729 shares of the industrial products company’s stock worth $2,268,000 after acquiring an additional 844 shares during the last quarter. Finally, Chicago Equity Partners LLC boosted its stake in shares of MSC Industrial Direct by 17.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 10,055 shares of the industrial products company’s stock worth $853,000 after acquiring an additional 1,520 shares during the last quarter. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Shares of MSM stock opened at $85.54 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of 21.12, a PEG ratio of 1.25 and a beta of 0.58. MSC Industrial Direct Co Inc has a one year low of $66.12 and a one year high of $99.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 2.11.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, July 11th. The industrial products company reported $1.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.39. The firm had revenue of $828.30 million for the quarter, compared to the consensus estimate of $834.43 million. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. equities analysts forecast that MSC Industrial Direct Co Inc will post 5.06 EPS for the current fiscal year.

Several research analysts have recently weighed in on MSM shares. Northcoast Research set a $95.00 price target on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, July 13th. ValuEngine cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Wells Fargo & Co dropped their price target on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating on the stock in a research note on Thursday, July 12th. Finally, BMO Capital Markets decreased their price objective on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating on the stock in a research report on Thursday, July 12th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. MSC Industrial Direct presently has a consensus rating of “Hold” and an average price target of $101.23.

In other MSC Industrial Direct news, SVP Gregory Polli sold 8,696 shares of MSC Industrial Direct stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $82.38, for a total value of $716,376.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Denis F. Kelly sold 1,500 shares of MSC Industrial Direct stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total transaction of $132,645.00. The disclosure for this sale can be found here. 31.28% of the stock is owned by company insiders.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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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