Guggenheim Capital LLC Sells 80,106 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Guggenheim Capital LLC trimmed its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 90.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,401 shares of the industrial products company's stock after selling 80,106 shares during the period. Guggenheim Capital LLC's holdings in MSC Industrial Direct were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of MSC Industrial Direct during the 4th quarter valued at $25,000. Allworth Financial LP lifted its holdings in shares of MSC Industrial Direct by 412.0% in the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock worth $35,000 after buying an additional 342 shares in the last quarter. UMB Bank n.a. boosted its position in shares of MSC Industrial Direct by 54.0% in the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 167 shares during the period. Synergy Asset Management LLC bought a new stake in MSC Industrial Direct during the 4th quarter worth approximately $36,000. Finally, V Square Quantitative Management LLC boosted 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 valued at $40,000 after purchasing an additional 231 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MSC Industrial Direct

In related news, Director Mitchell Jacobson acquired 27,642 shares of the stock in a transaction on Tuesday, April 8th. The stock was purchased at an average price of $69.77 per share, for a total transaction of $1,928,582.34. Following the completion of the transaction, the director now owns 1,951,725 shares of the company's stock, valued at $136,171,853.25. This trade represents a 1.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.30% of the stock is currently owned by company insiders.

MSC Industrial Direct Price Performance

Shares of NYSE MSM traded down $0.14 during trading hours on Tuesday, reaching $76.93. 137,562 shares of the stock traded hands, compared to its average volume of 635,169. The company's 50-day simple moving average is $77.43 and its two-hundred day simple moving average is $80.29. The company has a market capitalization of $4.29 billion, a P/E ratio of 18.35 and a beta of 0.89. MSC Industrial Direct Co., Inc. has a 52-week low of $68.10 and a 52-week high of $94.31. 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 (NYSE:MSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm had revenue of $891.70 million during the quarter, compared to analyst estimates of $908.30 million. During the same period in the previous year, the business posted $1.18 EPS. The business's quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio (DPR) is presently 89.71%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MSM shares. Loop Capital lowered their price objective on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Robert W. Baird lowered their price target on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, Wolfe Research raised MSC Industrial Direct to a "strong-buy" rating in a report on Sunday, April 6th. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $82.20.

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.