Semanteon Capital Management LP Buys Shares of 13,763 MSC Industrial Direct Co., Inc. (NYSE:MSM)

Semanteon Capital Management LP acquired a new position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,763 shares of the industrial products company's stock, valued at approximately $1,028,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Teacher Retirement System of Texas grew its position in shares of MSC Industrial Direct by 3.8% during the fourth quarter. Teacher Retirement System of Texas now owns 62,806 shares of the industrial products company's stock worth $4,691,000 after buying an additional 2,299 shares in the last quarter. Xponance Inc. grew its holdings in MSC Industrial Direct by 6.1% during the 4th quarter. Xponance Inc. now owns 5,193 shares of the industrial products company's stock worth $388,000 after acquiring an additional 298 shares in the last quarter. Boston Partners grew its holdings in MSC Industrial Direct by 7.2% during the 4th quarter. Boston Partners now owns 1,434,415 shares of the industrial products company's stock worth $107,168,000 after acquiring an additional 96,335 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of MSC Industrial Direct by 180.8% in the 4th quarter. Advisors Asset Management Inc. now owns 47,828 shares of the industrial products company's stock valued at $3,572,000 after purchasing an additional 30,797 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of MSC Industrial Direct by 76.0% in the 4th quarter. Royce & Associates LP now owns 424,437 shares of the industrial products company's stock valued at $31,701,000 after purchasing an additional 183,343 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSM shares. Stephens downgraded MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price target for the company. in a report on Wednesday, December 4th. Wolfe Research initiated coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They set an "outperform" rating and a $95.00 target price for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, MSC Industrial Direct has an average rating of "Hold" and an average target price of $83.80.

MSC Industrial Direct Stock Performance

MSM traded down $0.94 during trading on Tuesday, hitting $79.16. 487,137 shares of the stock were exchanged, compared to its average volume of 597,186. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 1-year low of $72.79 and a 1-year high of $100.35. The stock has a fifty day moving average price of $80.30 and a two-hundred day moving average price of $81.47. The firm has a market capitalization of $4.42 billion, a P/E ratio of 18.89 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The business had revenue of $928.50 million for the quarter, compared to analysts' expectations of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, sell-side analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.