Campbell & CO Investment Adviser LLC acquired a new position in MSC Industrial Direct Co Inc (NYSE:MSM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,941 shares of the industrial products company’s stock, valued at approximately $214,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in MSC Industrial Direct by 77.2% during the 1st quarter. AQR Capital Management LLC now owns 262,894 shares of the industrial products company’s stock worth $14,451,000 after buying an additional 114,528 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in MSC Industrial Direct during the 1st quarter worth approximately $268,000. Vident Investment Advisory LLC purchased a new stake in MSC Industrial Direct during the 1st quarter worth approximately $591,000. Wellington Management Group LLP increased its position in shares of MSC Industrial Direct by 512.1% in the 1st quarter. Wellington Management Group LLP now owns 22,671 shares of the industrial products company’s stock valued at $1,246,000 after purchasing an additional 18,967 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its position in shares of MSC Industrial Direct by 37.2% in the 1st quarter. New Mexico Educational Retirement Board now owns 10,700 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 2,900 shares during the last quarter. 72.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Douglas E. Jones sold 3,697 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $60.00, for a total value of $221,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward F. Martin, Jr. sold 653 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $64.79, for a total transaction of $42,307.87. The disclosure for this sale can be found here. 28.75% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on MSM shares. ValuEngine downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of MSC Industrial Direct from $64.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Robert W. Baird increased their price objective on shares of MSC Industrial Direct from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th. Finally, Stephens dropped their price objective on shares of MSC Industrial Direct from $78.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and an average target price of $72.13.
Shares of NYSE:MSM opened at $66.01 on Friday. The stock has a market cap of $3.66 billion, a P/E ratio of 13.81 and a beta of 1.00. The firm has a fifty day moving average price of $69.17 and a 200 day moving average price of $65.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.63 and a quick ratio of 1.66. MSC Industrial Direct Co Inc has a 1-year low of $44.93 and a 1-year high of $79.87.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.24. The firm had revenue of $834.97 million during the quarter, compared to analysts’ expectations of $835.02 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 19.58%. Sell-side analysts expect that MSC Industrial Direct Co Inc will post 4.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Tuesday, July 14th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Monday, July 13th. MSC Industrial Direct’s dividend payout ratio is currently 56.71%.
MSC Industrial Direct Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 products, 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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