2,492 Shares in MSC Industrial Direct Company, Inc. (MSM) Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP bought a new position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 2,492 shares of the industrial products company’s stock, valued at approximately $214,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of MSC Industrial Direct by 1.7% during the 1st quarter. State Street Corp now owns 1,203,471 shares of the industrial products company’s stock worth $123,670,000 after purchasing an additional 20,473 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of MSC Industrial Direct during the 2nd quarter worth about $281,000. Westpac Banking Corp increased its position in shares of MSC Industrial Direct by 7.3% during the 2nd quarter. Westpac Banking Corp now owns 69,500 shares of the industrial products company’s stock worth $5,974,000 after purchasing an additional 4,700 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MSC Industrial Direct by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 421,929 shares of the industrial products company’s stock worth $43,356,000 after purchasing an additional 9,409 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of MSC Industrial Direct by 6.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,393 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

In other MSC Industrial Direct news, Director Philip Peller bought 1,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was purchased at an average price of $72.00 per share, with a total value of $72,000.00. Following the completion of the purchase, the director now owns 2,422 shares in the company, valued at $174,384. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 31.28% of the stock is currently owned by insiders.

WARNING: This report was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/20/2492-shares-in-msc-industrial-direct-company-inc-msm-purchased-by-engineers-gate-manager-lp.html.

A number of equities research analysts recently issued reports on MSM shares. Credit Suisse Group dropped their target price on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating for the company in a research report on Thursday, July 13th. Zacks Investment Research cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BMO Capital Markets dropped their target price on shares of MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Robert W. Baird reiterated a “neutral” rating and set a $85.00 target price (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Thursday, July 13th. Finally, BidaskClub upgraded shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. MSC Industrial Direct presently has a consensus rating of “Hold” and a consensus target price of $91.75.

Shares of MSC Industrial Direct Company, Inc. (NYSE MSM) opened at 72.70 on Wednesday. MSC Industrial Direct Company, Inc. has a one year low of $65.42 and a one year high of $105.70. The firm’s 50-day moving average is $69.45 and its 200-day moving average is $83.70. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 18.13 and a beta of 0.51.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. The firm had revenue of $743.90 million during the quarter, compared to the consensus estimate of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Analysts expect that MSC Industrial Direct Company, Inc. will post $3.97 EPS for the current fiscal year.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include 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.

Want to see what other hedge funds are holding MSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSC Industrial Direct Company, Inc. (NYSE:MSM).

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

Receive News & Ratings for MSC Industrial Direct Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply