Atria Investments LLC Purchases New Position in MSC Industrial Direct Co Inc (MSM)

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Atria Investments LLC purchased a new stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,058 shares of the industrial products company’s stock, valued at approximately $534,000.

A number of other institutional investors have also made changes to their positions in the business. Visionary Asset Management Inc. lifted its holdings in MSC Industrial Direct by 14.9% during the 3rd quarter. Visionary Asset Management Inc. now owns 4,430 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 575 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of MSC Industrial Direct by 9.0% during the second quarter. DF Dent & Co. Inc. now owns 7,545 shares of the industrial products company’s stock worth $640,000 after buying an additional 625 shares in the last quarter. Cadence Capital Management LLC lifted its holdings in shares of MSC Industrial Direct by 13.9% during the second quarter. Cadence Capital Management LLC now owns 5,252 shares of the industrial products company’s stock worth $446,000 after buying an additional 642 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of MSC Industrial Direct by 4.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 17,590 shares of the industrial products company’s stock worth $1,493,000 after buying an additional 674 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of MSC Industrial Direct by 2.5% during the second quarter. MetLife Investment Advisors LLC now owns 28,822 shares of the industrial products company’s stock worth $2,446,000 after buying an additional 705 shares in the last quarter. 75.89% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MSM traded down $0.77 during midday trading on Friday, hitting $87.13. 422,372 shares of the stock were exchanged, compared to its average volume of 633,174. The stock has a market cap of $5.02 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.00 and a beta of 0.64. The company has a current ratio of 2.34, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. MSC Industrial Direct Co Inc has a 12 month low of $75.34 and a 12 month high of $99.94.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. The company had revenue of $838.00 million for the quarter, compared to analyst estimates of $838.88 million. MSC Industrial Direct had a return on equity of 21.36% and a net margin of 10.28%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. As a group, equities analysts forecast that MSC Industrial Direct Co Inc will post 5.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 2.89%. MSC Industrial Direct’s payout ratio is 45.67%.

In other news, CFO Rustom Jilla sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $87.50, for a total transaction of $218,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Denis F. Kelly sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was 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. 31.28% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on MSM. Zacks Investment Research downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Gordon Haskett began coverage on MSC Industrial Direct in a report on Friday, October 12th. They set a “buy” rating for the company. Buckingham Research began coverage on MSC Industrial Direct in a report on Friday, October 12th. They set a “neutral” rating and a $89.00 target price for the company. ValuEngine raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, 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. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $100.00.

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About MSC Industrial Direct

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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