Jump Financial LLC Purchases 50,770 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Jump Financial LLC boosted its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 182.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,588 shares of the industrial products company's stock after buying an additional 50,770 shares during the period. Jump Financial LLC owned approximately 0.14% of MSC Industrial Direct worth $5,870,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ontario Teachers Pension Plan Board raised its position in shares of MSC Industrial Direct by 109.3% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 32,782 shares of the industrial products company's stock valued at $2,448,000 after buying an additional 17,123 shares during the last quarter. Sterling Capital Management LLC increased its holdings in MSC Industrial Direct by 57.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,756 shares of the industrial products company's stock valued at $206,000 after buying an additional 1,007 shares during the period. Covestor Ltd raised its stake in shares of MSC Industrial Direct by 6.6% in the 4th quarter. Covestor Ltd now owns 2,325 shares of the industrial products company's stock valued at $174,000 after buying an additional 143 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of MSC Industrial Direct by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 20,179 shares of the industrial products company's stock valued at $1,507,000 after acquiring an additional 130 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in MSC Industrial Direct in the fourth quarter valued at about $4,871,000. 79.26% of the stock is owned by institutional investors.

MSC Industrial Direct Trading Up 0.3 %

Shares of MSM traded up $0.21 during trading hours on Tuesday, hitting $76.14. 142,217 shares of the stock traded hands, compared to its average volume of 631,819. The business has a fifty day moving average of $77.94 and a 200-day moving average of $80.46. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.24 billion, a PE ratio of 18.18 and a beta of 0.89. MSC Industrial Direct Co., Inc. has a 1-year low of $68.10 and a 1-year high of $94.31.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $891.70 million for the quarter, compared to analyst estimates of $908.30 million. During the same quarter last year, the firm earned $1.18 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio (DPR) is currently 89.71%.

Insider Activity

In other news, Director Mitchell Jacobson bought 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, with a total value of $1,928,582.34. Following the completion of the purchase, the director now owns 1,951,725 shares of the company's stock, valued at approximately $136,171,853.25. This trade represents a 1.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSM has been the topic of several analyst reports. Robert W. Baird lowered their price objective on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Wolfe Research upgraded shares of MSC Industrial Direct to a "strong-buy" rating in a research note on Sunday, April 6th. Finally, Loop Capital cut their price target on shares of MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $82.20.

About MSC Industrial Direct

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.