HighTower Advisors LLC Increases Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

HighTower Advisors LLC raised its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,548 shares of the industrial products company's stock after buying an additional 4,041 shares during the period. HighTower Advisors LLC owned approximately 0.09% of MSC Industrial Direct worth $3,775,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. First Horizon Advisors Inc. raised its holdings in MSC Industrial Direct by 53.0% in the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 141 shares in the last quarter. Allworth Financial LP increased its position 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 purchasing an additional 342 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of 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 valued at $36,000 after purchasing an additional 167 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in MSC Industrial Direct during the 4th quarter worth about $36,000. Finally, V Square Quantitative Management LLC lifted its stake in MSC Industrial Direct by 77.0% during the fourth 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 and hedge funds own 79.26% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wolfe Research initiated coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They set an "outperform" rating and a $95.00 price target on the stock. Stephens lowered shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price on the stock. in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $83.80.

MSC Industrial Direct Stock Performance

MSM traded up $2.58 on Monday, hitting $80.12. 554,205 shares of the company traded hands, compared to its average volume of 597,220. The company has a 50 day moving average of $80.35 and a 200-day moving average of $81.45. MSC Industrial Direct Co., Inc. has a 12-month low of $72.79 and a 12-month high of $100.35. The stock has a market capitalization of $4.48 billion, a PE ratio of 19.12 and a beta of 0.90. 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 released its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate 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 business had revenue of $928.50 million during the quarter, compared to analysts' expectations of $904.90 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company's quarterly revenue was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate 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.