Natixis Advisors LLC Sells 3,759 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Natixis Advisors LLC trimmed its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,833 shares of the industrial products company's stock after selling 3,759 shares during the quarter. Natixis Advisors LLC's holdings in MSC Industrial Direct were worth $1,929,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of MSC Industrial Direct by 8,289.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company's stock worth $1,466,000 after acquiring an additional 16,828 shares during the period. Barclays PLC lifted its stake in MSC Industrial Direct by 36.9% in the third quarter. Barclays PLC now owns 25,490 shares of the industrial products company's stock valued at $2,195,000 after acquiring an additional 6,864 shares during the last quarter. Pathstone Holdings LLC grew its position in shares of MSC Industrial Direct by 36.4% in the third quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company's stock valued at $1,989,000 after purchasing an additional 6,172 shares during the last quarter. XTX Topco Ltd grew its position in shares of MSC Industrial Direct by 398.1% during the 3rd quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company's stock worth $1,365,000 after purchasing an additional 12,676 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of MSC Industrial Direct by 8.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 26,035 shares of the industrial products company's stock worth $1,945,000 after acquiring an additional 2,136 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

MSM has been the subject of several recent research reports. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price target for the company. Stephens lowered shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price for the company. in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.80.

MSC Industrial Direct Trading Down 1.2 %

Shares of MSM stock traded down $0.94 during trading hours on Tuesday, hitting $79.16. 487,137 shares of the company were exchanged, compared to its average volume of 597,186. MSC Industrial Direct Co., Inc. has a 1 year low of $72.79 and a 1 year high of $100.35. The firm has a market cap of $4.42 billion, a PE ratio of 18.89 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. The firm has a fifty day moving average of $80.30 and a 200 day moving average of $81.47.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. During the same quarter in the previous year, the business earned $1.25 EPS. The company's quarterly revenue was down 2.7% compared to the same quarter last year. Analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

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.