SG Americas Securities LLC Acquires 14,480 Shares of MSC Industrial Direct Company, Inc. $MSM

SG Americas Securities LLC raised its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 527.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,224 shares of the industrial products company’s stock after buying an additional 14,480 shares during the quarter. SG Americas Securities LLC’s holdings in MSC Industrial Direct were worth $1,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MSM. KLP Kapitalforvaltning AS raised its position in shares of MSC Industrial Direct by 61.1% during the third quarter. KLP Kapitalforvaltning AS now owns 21,100 shares of the industrial products company’s stock valued at $1,944,000 after buying an additional 8,000 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in MSC Industrial Direct by 1.6% in the third quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the industrial products company’s stock worth $1,170,000 after purchasing an additional 200 shares during the period. Synergy Asset Management LLC boosted its stake in MSC Industrial Direct by 100.0% during the third quarter. Synergy Asset Management LLC now owns 48,636 shares of the industrial products company’s stock worth $4,135,000 after buying an additional 24,318 shares in the last quarter. Tectonic Advisors LLC boosted its stake in MSC Industrial Direct by 9.3% during the third quarter. Tectonic Advisors LLC now owns 100,967 shares of the industrial products company’s stock worth $9,303,000 after buying an additional 8,623 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in MSC Industrial Direct in the 3rd quarter valued at $461,000. Institutional investors own 79.26% of the company’s stock.

Analyst Ratings Changes

MSM has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of MSC Industrial Direct from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Robert W. Baird set a $94.00 price target on shares of MSC Industrial Direct in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Friday, October 31st. Jefferies Financial Group restated a “hold” rating and issued a $85.00 price objective on shares of MSC Industrial Direct in a research report on Thursday, January 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of MSC Industrial Direct in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $89.67.

Insider Transactions at MSC Industrial Direct

In other news, Director Philip Peller purchased 6,666 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of $90.14 per share, with a total value of $600,873.24. Following the purchase, the director directly owned 9,537 shares of the company’s stock, valued at $859,665.18. This trade represents a 232.18% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mitchell Jacobson bought 95,779 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $84.92 per share, for a total transaction of $8,133,552.68. Following the transaction, the director owned 2,219,295 shares in the company, valued at $188,462,531.40. The trade was a 4.51% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 211,342 shares of company stock valued at $17,951,965. Corporate insiders own 19.00% of the company’s stock.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $86.18 on Friday. The firm has a market capitalization of $4.81 billion, a P/E ratio of 23.55 and a beta of 0.85. The business has a 50-day moving average of $85.90 and a 200-day moving average of $87.68. The company has a current ratio of 1.73, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. MSC Industrial Direct Company, Inc. has a 1 year low of $68.10 and a 1 year high of $94.31.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, January 7th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. MSC Industrial Direct had a net margin of 5.37% and a return on equity of 15.73%. The company had revenue of $965.68 million for the quarter, compared to analyst estimates of $962.52 million. During the same period last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, January 14th. MSC Industrial Direct’s dividend payout ratio is 95.08%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.