Advisors Asset Management Inc. Increases Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Advisors Asset Management Inc. grew its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 180.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,828 shares of the industrial products company's stock after acquiring an additional 30,797 shares during the quarter. Advisors Asset Management Inc. owned about 0.09% of MSC Industrial Direct worth $3,572,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MSM. Royce & Associates LP raised its position in shares of MSC Industrial Direct by 76.0% in the fourth quarter. Royce & Associates LP now owns 424,437 shares of the industrial products company's stock valued at $31,701,000 after buying an additional 183,343 shares during the last quarter. Brandes Investment Partners LP lifted its stake in shares of MSC Industrial Direct by 15.8% during the 4th quarter. Brandes Investment Partners LP now owns 47,698 shares of the industrial products company's stock worth $3,563,000 after purchasing an additional 6,504 shares during the period. Swiss National Bank boosted its holdings in shares of MSC Industrial Direct by 0.7% during the fourth quarter. Swiss National Bank now owns 88,300 shares of the industrial products company's stock worth $6,595,000 after purchasing an additional 600 shares during the last quarter. HighTower Advisors LLC grew its position in shares of MSC Industrial Direct by 8.7% in the fourth quarter. HighTower Advisors LLC now owns 50,548 shares of the industrial products company's stock valued at $3,775,000 after purchasing an additional 4,041 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in MSC Industrial Direct during the fourth quarter worth about $1,975,000. Institutional investors and hedge funds own 79.26% of the company's stock.

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Wall Street Analyst Weigh In

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

MSC Industrial Direct Trading Down 1.2 %

MSM traded down $0.94 on Tuesday, reaching $79.16. 487,137 shares of the company's stock were exchanged, compared to its average volume of 597,186. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.35. The company's 50 day moving average is $80.30 and its 200-day moving average is $81.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 18.89 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued 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. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. During the same quarter last year, the firm posted $1.25 EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

MSC Industrial Direct Company Profile

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.