Proficio Capital Partners LLC acquired a new stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,324 shares of the industrial products company's stock, valued at approximately $920,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its stake in shares of MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock worth $35,000 after buying an additional 141 shares during the last quarter. Allworth Financial LP lifted its stake in shares of MSC Industrial Direct by 412.0% during the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock worth $35,000 after buying an additional 342 shares during the last quarter. UMB Bank n.a. lifted its stake 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 worth $36,000 after buying an additional 167 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of MSC Industrial Direct during the 4th quarter worth about $36,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of MSC Industrial Direct by 77.0% during the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock worth $40,000 after buying an additional 231 shares during the last quarter. Institutional investors own 79.26% of the company's stock.
Wall Street Analyst Weigh In
MSM has been the subject of several analyst reports. Stephens cut shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a research note on Wednesday, December 4th. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $83.80.
Check Out Our Latest Stock Analysis on MSC Industrial Direct
MSC Industrial Direct Price Performance
MSM stock traded up $2.14 during mid-day trading on Friday, hitting $82.33. The stock had a trading volume of 632,953 shares, compared to its average volume of 593,280. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 52 week low of $72.79 and a 52 week high of $100.35. The firm has a market capitalization of $4.60 billion, a P/E ratio of 19.65 and a beta of 0.90. The firm has a fifty day simple moving average of $80.41 and a 200 day simple moving average of $81.72.
MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm had revenue of $928.50 million for the quarter, compared to analyst estimates of $904.90 million. During the same period last year, the firm earned $1.25 EPS. The business's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.
MSC Industrial Direct Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, January 15th. MSC Industrial Direct's dividend payout ratio (DPR) is presently 81.15%.
About MSC Industrial Direct
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Free Report)
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.
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