Tyers Asset Management LLC lessened its holdings in MSC Industrial Direct Co Inc (NYSE:MSM) by 33.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,880 shares of the industrial products company’s stock after selling 2,448 shares during the quarter. Tyers Asset Management LLC’s holdings in MSC Industrial Direct were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in MSC Industrial Direct in the second quarter worth about $53,000. NumerixS Investment Technologies Inc lifted its holdings in shares of MSC Industrial Direct by 71.4% during the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 500 shares during the period. SRS Capital Advisors Inc. acquired a new stake in shares of MSC Industrial Direct during the second quarter worth about $106,000. ETF Managers Group LLC lifted its holdings in shares of MSC Industrial Direct by 9.8% during the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 142 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of MSC Industrial Direct by 25.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,813 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 364 shares during the period. 75.36% of the stock is owned by institutional investors and hedge funds.

Shares of MSC Industrial Direct stock traded up $1.11 on Friday, reaching $73.10. The company’s stock had a trading volume of 5,282 shares, compared to its average volume of 393,384. The company has a market capitalization of $3.97 billion, a P/E ratio of 14.37, a PEG ratio of 1.06 and a beta of 0.91. MSC Industrial Direct Co Inc has a 52-week low of $64.59 and a 52-week high of $90.25. The stock has a 50-day moving average price of $68.76 and a 200-day moving average price of $75.50. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.20.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.05). MSC Industrial Direct had a return on equity of 21.08% and a net margin of 8.79%. The firm had revenue of $866.50 million for the quarter, compared to analysts’ expectations of $881.62 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that MSC Industrial Direct Co Inc will post 5.24 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on MSM shares. Raymond James downgraded MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a report on Thursday. Stephens set a $82.00 target price on MSC Industrial Direct and gave the stock a “hold” rating in a report on Monday, July 8th. Wells Fargo & Co set a $70.00 target price on MSC Industrial Direct and gave the stock a “market perform” rating in a report on Thursday, July 11th. Northcoast Research downgraded MSC Industrial Direct from a “buy” rating to a “neutral” rating and decreased their price target for the company from $89.00 to $74.00 in a report on Friday, July 12th. Finally, Gordon Haskett downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 price target for the company. in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.70.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 products, 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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