Value Holdings Management CO. LLC Sells 16,000 Shares of MSC Industrial Direct Company, Inc. $MSM

Value Holdings Management CO. LLC decreased its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,750 shares of the industrial products company’s stock after selling 16,000 shares during the period. MSC Industrial Direct comprises about 1.1% of Value Holdings Management CO. LLC’s holdings, making the stock its 22nd largest position. Value Holdings Management CO. LLC’s holdings in MSC Industrial Direct were worth $6,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CANADA LIFE ASSURANCE Co lifted its stake in MSC Industrial Direct by 0.4% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 34,884 shares of the industrial products company’s stock valued at $3,169,000 after acquiring an additional 136 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of MSC Industrial Direct by 22.1% in the 4th quarter. GAMMA Investing LLC now owns 778 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 141 shares in the last quarter. Arizona State Retirement System grew its stake in shares of MSC Industrial Direct by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 13,180 shares of the industrial products company’s stock worth $1,214,000 after acquiring an additional 170 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of MSC Industrial Direct by 1.6% in the third quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the industrial products company’s stock valued at $1,170,000 after purchasing an additional 200 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of MSC Industrial Direct by 71.7% in the third quarter. Quarry LP now owns 503 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

MSC Industrial Direct Price Performance

MSM opened at $89.27 on Friday. The firm has a market cap of $4.98 billion, a P/E ratio of 24.39 and a beta of 0.81. The firm has a 50-day moving average of $90.40 and a 200 day moving average of $88.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.73. MSC Industrial Direct Company, Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $96.99.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $965.68 million for the quarter, compared to analyst estimates of $962.52 million. MSC Industrial Direct had a net margin of 5.37% and a return on equity of 15.73%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, research analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, April 8th. MSC Industrial Direct’s payout ratio is 95.08%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSM. iA Financial set a $95.00 price target on shares of MSC Industrial Direct in a report on Friday, February 6th. Robert W. Baird set a $94.00 target price on shares of MSC Industrial Direct in a research report on Thursday, January 8th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price on shares of MSC Industrial Direct in a research note on Thursday, January 8th. Zacks Research lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Wall Street Zen downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $90.50.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.