Aigen Investment Management LP Has $399,000 Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Aigen Investment Management LP decreased its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 56.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,339 shares of the industrial products company's stock after selling 7,050 shares during the quarter. Aigen Investment Management LP's holdings in MSC Industrial Direct were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MSM. Hotchkis & Wiley Capital Management LLC acquired a new position in MSC Industrial Direct in the 3rd quarter valued at about $12,170,000. Charles Schwab Investment Management Inc. increased its stake in shares of MSC Industrial Direct by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company's stock valued at $126,469,000 after acquiring an additional 126,218 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of MSC Industrial Direct by 20.5% during the 4th quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company's stock valued at $46,166,000 after acquiring an additional 105,265 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of MSC Industrial Direct by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company's stock valued at $79,023,000 after acquiring an additional 91,369 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of MSC Industrial Direct by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 793,184 shares of the industrial products company's stock valued at $59,243,000 after acquiring an additional 70,076 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

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MSC Industrial Direct Trading Up 2.7 %

Shares of NYSE:MSM traded up $2.14 during midday trading on Friday, reaching $82.33. The company had a trading volume of 632,953 shares, compared to its average volume of 593,280. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. MSC Industrial Direct Co., Inc. has a 1-year low of $72.79 and a 1-year high of $100.35. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 19.65 and a beta of 0.90. The company has a fifty day simple moving average of $80.41 and a two-hundred day simple moving average of $81.72.

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

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct's dividend payout ratio is currently 81.15%.

Wall Street Analyst Weigh In

MSM has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They set an "outperform" rating and a $95.00 price objective for the company. Stephens downgraded shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a research note on Wednesday, December 4th. 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, the stock currently has an average rating of "Hold" and an average price target of $83.80.

MSC Industrial Direct 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.