Virtu Financial LLC purchased a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,646 shares of the industrial products company's stock, valued at approximately $347,000.
Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in MSC Industrial Direct by 36.9% during 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 in the last quarter. Pathstone Holdings LLC increased its holdings 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 worth $1,989,000 after purchasing an additional 6,172 shares during the period. XTX Topco Ltd raised its position in shares of MSC Industrial Direct by 398.1% in the third quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company's stock worth $1,365,000 after buying an additional 12,676 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in MSC Industrial Direct by 8.9% during the fourth 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 buying an additional 2,136 shares in the last quarter. Finally, Atom Investors LP bought a new position in MSC Industrial Direct in the 3rd quarter worth about $1,751,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. 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. Wolfe Research began coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an "outperform" rating and a $95.00 target price for the company. Seven 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 has a consensus rating of "Hold" and a consensus price target of $83.80.
Check Out Our Latest Research Report on MSM
MSC Industrial Direct Trading Down 3.4 %
Shares of NYSE:MSM traded down $2.72 during midday trading on Friday, hitting $77.77. 578,197 shares of the stock traded hands, compared to its average volume of 616,364. 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 stock has a market capitalization of $4.34 billion, a PE ratio of 18.56 and a beta of 0.90. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $96.75. The business's 50 day moving average is $80.14 and its two-hundred day moving average is $81.50.
MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $928.50 million during the quarter, compared to analysts' expectations of $904.90 million. During the same quarter last year, the business posted $1.25 EPS. The business's revenue was down 2.7% on a year-over-year basis. As a group, research analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.
MSC Industrial Direct Announces Dividend
The business also recently disclosed 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 of this dividend is Wednesday, April 9th. This represents a $3.40 annualized dividend and a yield of 4.37%. MSC Industrial Direct's dividend payout ratio (DPR) is presently 81.15%.
MSC Industrial Direct Company Profile
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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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