Landscape Capital Management L.L.C. Takes $2.28 Million Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Landscape Capital Management L.L.C. purchased a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,502 shares of the industrial products company's stock, valued at approximately $2,278,000. Landscape Capital Management L.L.C. owned 0.05% of MSC Industrial Direct as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSM. Headlands Technologies LLC purchased a new stake in shares of MSC Industrial Direct during the 4th quarter valued at about $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 holdings in shares of MSC Industrial Direct by 54.0% during 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 during the last quarter. Synergy Asset Management LLC purchased a new position in shares of MSC Industrial Direct during the fourth quarter valued at about $36,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of MSC Industrial Direct by 77.0% in 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 own 79.26% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, Director Mitchell Jacobson purchased 27,642 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were acquired at an average cost of $69.77 per share, with a total value of $1,928,582.34. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.30% of the stock is currently owned by company insiders.

MSC Industrial Direct Trading Down 1.0 %

MSM stock traded down $0.76 during mid-day trading on Thursday, reaching $74.42. 219,045 shares of the stock traded hands, compared to its average volume of 625,769. MSC Industrial Direct Co., Inc. has a one year low of $68.10 and a one year high of $94.31. The stock has a market capitalization of $4.16 billion, a PE ratio of 17.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The business has a 50-day moving average price of $78.53 and a two-hundred day moving average price of $80.94.

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

MSC Industrial Direct Dividend Announcement

The company 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 $0.85 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.40 dividend on an annualized basis and a yield of 4.57%. MSC Industrial Direct's dividend payout ratio is presently 89.71%.

Analyst Ratings Changes

Several research firms have weighed in on MSM. Robert W. Baird cut their price target on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Loop Capital cut their target price 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. Finally, Wolfe Research began coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They set an "outperform" rating and a $95.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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.