Janus Henderson Group PLC Has $2.87 Million Position in MSC Industrial Direct Co Inc (MSM)

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Janus Henderson Group PLC grew its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 76.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,800 shares of the industrial products company’s stock after buying an additional 14,600 shares during the period. Janus Henderson Group PLC owned approximately 0.06% of MSC Industrial Direct worth $2,868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MSM. Legal & General Group Plc increased its position in shares of MSC Industrial Direct by 4.5% in the first quarter. Legal & General Group Plc now owns 63,618 shares of the industrial products company’s stock worth $5,835,000 after purchasing an additional 2,719 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its position in shares of MSC Industrial Direct by 20.4% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 36,217 shares of the industrial products company’s stock worth $3,073,000 after purchasing an additional 6,140 shares during the period. Picton Mahoney Asset Management bought a new position in shares of MSC Industrial Direct in the second quarter worth $1,994,000. BlackRock Inc. increased its position in shares of MSC Industrial Direct by 4.8% in the first quarter. BlackRock Inc. now owns 3,867,996 shares of the industrial products company’s stock worth $354,734,000 after purchasing an additional 178,523 shares during the period. Finally, Arizona State Retirement System increased its position in shares of MSC Industrial Direct by 4.5% in the second quarter. Arizona State Retirement System now owns 31,838 shares of the industrial products company’s stock worth $2,701,000 after purchasing an additional 1,382 shares during the period. Hedge funds and other institutional investors own 75.19% of the company’s stock.

Several research firms recently weighed in on MSM. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Wednesday, September 26th. ValuEngine lowered MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Wells Fargo & Co reduced their price objective on MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating on the stock in a research note on Thursday, July 12th. Northcoast Research set a $95.00 price target on MSC Industrial Direct and gave the company a “buy” rating in a research note on Friday, July 13th. Finally, BMO Capital Markets cut their price target on MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating on the stock in a research note on Thursday, July 12th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $100.00.

In other news, SVP Gregory Polli sold 8,696 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $82.38, for a total transaction of $716,376.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Denis F. Kelly sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total value of $132,645.00. The disclosure for this sale can be found here. Insiders own 31.38% of the company’s stock.

MSM stock traded up $0.95 during mid-day trading on Friday, reaching $80.57. The company’s stock had a trading volume of 576,377 shares, compared to its average volume of 595,919. The company has a market cap of $4.98 billion, a P/E ratio of 19.89, a PEG ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 2.11. MSC Industrial Direct Co Inc has a 12 month low of $75.41 and a 12 month high of $99.94.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.39. The business had revenue of $828.30 million during the quarter, compared to the consensus estimate of $834.43 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. On average, research analysts predict that MSC Industrial Direct Co Inc will post 5.06 earnings per share for the current year.

MSC Industrial Direct Profile

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