American Century Companies Inc. Purchases 193,860 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

American Century Companies Inc. increased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,418,260 shares of the industrial products company's stock after purchasing an additional 193,860 shares during the period. American Century Companies Inc. owned approximately 6.12% of MSC Industrial Direct worth $255,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of MSC Industrial Direct during the fourth quarter worth $347,000. Quantbot Technologies LP grew its position in shares of MSC Industrial Direct by 7,359.3% during the 4th quarter. Quantbot Technologies LP now owns 79,516 shares of the industrial products company's stock worth $5,939,000 after purchasing an additional 78,450 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of MSC Industrial Direct in the fourth quarter valued at approximately $1,028,000. Teacher Retirement System of Texas boosted its stake in shares of MSC Industrial Direct by 3.8% in the fourth quarter. Teacher Retirement System of Texas now owns 62,806 shares of the industrial products company's stock valued at $4,691,000 after buying an additional 2,299 shares during the period. Finally, Xponance Inc. increased its stake in MSC Industrial Direct by 6.1% during the 4th quarter. Xponance Inc. now owns 5,193 shares of the industrial products company's stock worth $388,000 after acquiring an additional 298 shares during the period. 79.26% of the stock is currently owned by institutional investors.

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MSC Industrial Direct Trading Down 0.7 %

Shares of NYSE:MSM traded down $0.55 during midday trading on Tuesday, hitting $79.55. 93,717 shares of the stock were exchanged, compared to its average volume of 625,123. The business's 50-day moving average price is $80.30 and its 200 day moving average price is $81.47. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.97 and a beta of 0.90. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $100.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. The firm had revenue of $928.50 million during the quarter, compared to analysts' expectations of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company'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 EPS. Analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.