MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,727 shares of the industrial products company's stock after selling 19,408 shares during the period. Thrivent Financial for Lutherans owned about 0.28% of MSC Industrial Direct worth $11,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of MSC Industrial Direct by 53.0% during the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock valued at $35,000 after buying an additional 141 shares during the period. Allworth Financial LP boosted its holdings in 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 acquiring an additional 342 shares in the last quarter. UMB Bank n.a. grew its position in 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 bought a new stake in MSC Industrial Direct during the 4th quarter valued at about $36,000. Finally, V Square Quantitative Management LLC increased its holdings in MSC Industrial Direct by 77.0% in 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 in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

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MSC Industrial Direct Stock Down 1.2 %

Shares of NYSE MSM traded down $0.94 during trading hours on Tuesday, hitting $79.16. 487,137 shares of the stock were exchanged, compared to its average volume of 597,465. The firm has a fifty day moving average price of $80.25 and a 200-day moving average price of $81.48. The company 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. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $100.35.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm's revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. On average, sell-side analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSM. Stephens cut MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price target on the stock. in a report on Wednesday, December 4th. Wolfe Research started coverage on 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 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 currently has a consensus rating of "Hold" and a consensus target price of $83.80.

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.