Connor Clark & Lunn Investment Management Ltd. decreased its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,358 shares of the industrial products company's stock after selling 32,436 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of MSC Industrial Direct worth $2,940,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of MSC Industrial Direct by 53.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock valued at $35,000 after buying an additional 141 shares in the last quarter. Allworth Financial LP grew its stake in shares of MSC Industrial Direct by 412.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock valued at $35,000 after buying an additional 342 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 during the last quarter. Synergy Asset Management LLC acquired a new stake in MSC Industrial Direct in the 4th quarter worth approximately $36,000. Finally, V Square Quantitative Management LLC lifted its holdings 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 worth $40,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 79.26% of the company's stock.
MSC Industrial Direct Stock Performance
Shares of NYSE MSM traded down $0.73 during trading hours on Friday, reaching $77.46. The stock had a trading volume of 1,994,037 shares, compared to its average volume of 596,133. The business's fifty day moving average is $80.40 and its two-hundred day moving average is $81.46. 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 company has a market cap of $4.33 billion, a price-to-earnings ratio of 18.49 and a beta of 0.90. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.35.
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. The business had revenue of $928.50 million during 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%. MSC Industrial Direct's revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. As a group, research analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Stephens lowered 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. Wolfe Research initiated coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 price target for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $83.80.
Get Our Latest Analysis on MSM
About MSC Industrial Direct
(
Free Report)
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.
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