ExodusPoint Capital Management LP bought a new position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,884 shares of the industrial products company’s stock, valued at approximately $328,000.

Several other institutional investors also recently bought and sold shares of MSM. Fieldpoint Private Securities LLC bought a new stake in MSC Industrial Direct in the fourth quarter valued at $40,000. JJJ Advisors Inc. boosted its stake in shares of MSC Industrial Direct by 418.7% in the 4th quarter. JJJ Advisors Inc. now owns 555 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 448 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of MSC Industrial Direct by 29.9% in the 3rd quarter. Van ECK Associates Corp now owns 817 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 188 shares during the last quarter. Captrust Financial Advisors increased its position in shares of MSC Industrial Direct by 31.7% during the 3rd quarter. Captrust Financial Advisors now owns 2,300 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 553 shares in the last quarter. Finally, AJO LP bought a new position in MSC Industrial Direct during the 4th quarter valued at about $197,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

In other news, Director Mitchell Jacobson acquired 67,796 shares of MSC Industrial Direct stock in a transaction that occurred on Friday, January 29th. The shares were acquired at an average price of $78.04 per share, with a total value of $5,290,799.84. Following the purchase, the director now directly owns 67,796 shares of the company’s stock, valued at $5,290,799.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles Bonomo sold 4,298 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $84.01, for a total transaction of $361,074.98. The disclosure for this sale can be found here. Insiders have sold a total of 81,339 shares of company stock worth $7,019,914 in the last three months. 28.44% of the stock is owned by insiders.

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of MSC Industrial Direct from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of MSC Industrial Direct from $90.00 to $89.00 and set a “hold” rating on the stock in a report on Monday. William Blair raised shares of MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Zacks Investment Research cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $82.86.

Shares of NYSE MSM opened at $86.65 on Thursday. The firm has a market capitalization of $4.84 billion, a PE ratio of 21.50 and a beta of 0.99. The company has a current ratio of 2.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.41. MSC Industrial Direct Co., Inc. has a 1 year low of $56.16 and a 1 year high of $93.92. The firm’s 50-day moving average is $88.03 and its 200-day moving average is $80.50.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, April 7th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $778.77 million. MSC Industrial Direct had a net margin of 7.14% and a return on equity of 20.42%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 4.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 27th. Investors of record on Tuesday, April 13th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, April 12th. MSC Industrial Direct’s payout ratio is 63.29%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. Its 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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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