Macquarie Group Ltd. bought a new stake in MSC Industrial Direct Co Inc (NYSE:MSM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the industrial products company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc grew its position in MSC Industrial Direct by 4.5% in the 1st quarter. Legal & General Group Plc now owns 63,618 shares of the industrial products company’s stock valued at $5,835,000 after buying an additional 2,719 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in MSC Industrial Direct by 20.4% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 36,217 shares of the industrial products company’s stock valued at $3,073,000 after buying an additional 6,140 shares in the last quarter. ING Groep NV bought a new position in MSC Industrial Direct in the 2nd quarter valued at about $596,000. Morgan Stanley lifted its holdings in MSC Industrial Direct by 111.5% in the 2nd quarter. Morgan Stanley now owns 503,143 shares of the industrial products company’s stock valued at $42,690,000 after acquiring an additional 265,257 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in MSC Industrial Direct in the 2nd quarter valued at about $1,994,000. Hedge funds and other institutional investors own 75.19% of the company’s stock.

MSM stock opened at $80.57 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.11 and a debt-to-equity ratio of 0.18. MSC Industrial Direct Co Inc has a one year low of $75.41 and a one year high of $99.94. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.10 and a beta of 0.51.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, July 11th. The industrial products company reported $1.39 EPS for the quarter, meeting analysts’ consensus estimates of $1.39. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The company had revenue of $828.30 million during the quarter, compared to analyst estimates of $834.43 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts predict that MSC Industrial Direct Co Inc will post 5.06 EPS for the current year.

In other MSC Industrial Direct news, SVP Gregory Polli sold 8,696 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $82.38, for a total transaction of $716,376.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denis F. Kelly sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total transaction of $132,645.00. The disclosure for this sale can be found here. 31.38% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on MSM. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Wednesday, September 26th. ValuEngine downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Wells Fargo & Co cut their price target on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a report on Thursday, July 12th. Northcoast Research set a $95.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a report on Friday, July 13th. Finally, BMO Capital Markets cut their price target on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a report on Thursday, July 12th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $100.85.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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