Zacks Investment Research lowered shares of MSC Industrial Direct (NYSE:MSM) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, Zacks.com reports.

According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “

MSM has been the topic of a number of other research reports. Raymond James lowered MSC Industrial Direct from an outperform rating to a market perform rating in a report on Thursday, September 12th. Buckingham Research dropped their target price on MSC Industrial Direct from $70.00 to $69.00 and set a neutral rating on the stock in a report on Tuesday, October 8th. Stephens set a $82.00 target price on MSC Industrial Direct and gave the company a hold rating in a report on Monday, July 8th. ValuEngine upgraded MSC Industrial Direct from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co set a $65.00 target price on MSC Industrial Direct and gave the company a hold rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. MSC Industrial Direct presently has an average rating of Hold and an average target price of $78.30.

Shares of MSM stock traded up $3.15 during trading hours on Thursday, reaching $72.15. The company had a trading volume of 726,347 shares, compared to its average volume of 407,963. MSC Industrial Direct has a 12 month low of $64.59 and a 12 month high of $90.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.35. The business has a fifty day simple moving average of $69.47 and a 200-day simple moving average of $73.63. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.05). MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The company had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. During the same quarter in the prior year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that MSC Industrial Direct will post 5.24 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $53,000. NumerixS Investment Technologies Inc increased its position 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 valued at $98,000 after acquiring an additional 500 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $89,000. Cerebellum GP LLC purchased a new stake in shares of MSC Industrial Direct during the third quarter valued at approximately $127,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $106,000. 75.32% of the stock is owned by institutional investors.

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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