Brandes Investment Partners LP Increases Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Brandes Investment Partners LP raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 47,698 shares of the industrial products company's stock after acquiring an additional 6,504 shares during the period. Brandes Investment Partners LP owned approximately 0.09% of MSC Industrial Direct worth $3,563,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock worth $35,000 after acquiring an additional 141 shares during the last quarter. Allworth Financial LP boosted its holdings in MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock worth $35,000 after purchasing an additional 342 shares during the last quarter. UMB Bank n.a. grew its position in MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock worth $36,000 after purchasing an additional 167 shares in the last quarter. Synergy Asset Management LLC bought a new stake in MSC Industrial Direct in the 4th quarter worth about $36,000. Finally, V Square Quantitative Management LLC increased its stake in MSC Industrial Direct by 77.0% in the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock valued at $40,000 after buying an additional 231 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 Down 1.2 %

MSC Industrial Direct stock traded down $0.95 during trading hours on Thursday, reaching $78.21. The company had a trading volume of 526,987 shares, compared to its average volume of 589,786. The company has a 50-day moving average price of $80.49 and a 200 day moving average price of $81.48. MSC Industrial Direct Co., Inc. has a 12-month low of $72.79 and a 12-month high of $100.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 18.67 and a beta of 0.90.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on MSM shares. Wolfe Research started coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 price objective for the company. Stephens lowered MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.