MSC Industrial Direct Company, Inc. $MSM Shares Purchased by SG Capital Management LLC

SG Capital Management LLC grew its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 867.0% in the third quarter, HoldingsChannel reports. The fund owned 360,988 shares of the industrial products company’s stock after buying an additional 323,659 shares during the period. MSC Industrial Direct makes up about 3.0% of SG Capital Management LLC’s portfolio, making the stock its 13th largest holding. SG Capital Management LLC’s holdings in MSC Industrial Direct were worth $33,261,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MSM. Royal Bank of Canada lifted its holdings in MSC Industrial Direct by 4.8% in the first quarter. Royal Bank of Canada now owns 46,990 shares of the industrial products company’s stock worth $3,650,000 after purchasing an additional 2,164 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of MSC Industrial Direct in the 1st quarter worth approximately $455,000. NewEdge Advisors LLC lifted its stake in shares of MSC Industrial Direct by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 333 shares during the period. United Services Automobile Association bought a new position in shares of MSC Industrial Direct in the first quarter valued at approximately $229,000. Finally, Empowered Funds LLC acquired a new position in shares of MSC Industrial Direct during the first quarter valued at approximately $816,000. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Stock Performance

MSC Industrial Direct stock opened at $93.66 on Thursday. MSC Industrial Direct Company, Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $96.99. The firm’s 50 day simple moving average is $87.53 and its 200-day simple moving average is $87.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 0.82. The company has a market cap of $5.23 billion, a P/E ratio of 25.59 and a beta of 0.84.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $965.68 million during the quarter, compared to analyst estimates of $962.52 million. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, January 14th. MSC Industrial Direct’s payout ratio is presently 95.08%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Wednesday, January 28th. Robert W. Baird set a $94.00 target price on MSC Industrial Direct in a research note on Thursday, January 8th. iA Financial set a $95.00 price target on shares of MSC Industrial Direct in a research report on Friday, February 6th. Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective on shares of MSC Industrial Direct in a research report on Thursday, January 8th. Finally, Wall Street Zen cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Nine research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $90.50.

About MSC Industrial Direct

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.