MSC Industrial Direct (MSM) Downgraded by William Blair

MSC Industrial Direct (NYSE:MSM) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other analysts have also commented on MSM. Jefferies Financial Group started coverage on shares of MSC Industrial Direct in a research report on Monday, January 7th. They issued a “buy” rating and a $92.00 price objective on the stock. Zacks Investment Research lowered shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Buckingham Research set a $83.00 price objective on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research report on Thursday, January 10th. Finally, Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price objective on the stock. in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $88.38.

MSM opened at $82.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 2.19. MSC Industrial Direct has a fifty-two week low of $73.28 and a fifty-two week high of $95.83. The stock has a market cap of $4.63 billion, a P/E ratio of 16.25, a PEG ratio of 1.51 and a beta of 0.85.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 10th. The industrial products company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $823.00 million during the quarter, compared to the consensus estimate of $826.98 million. MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. During the same period in the prior year, the firm posted $1.34 EPS. Equities research analysts predict that MSC Industrial Direct will post 5.58 EPS for the current fiscal year.

In other news, EVP Steven N. Baruch sold 5,404 shares of MSC Industrial Direct stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $82.00, for a total value of $443,128.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas E. Jones sold 2,126 shares of MSC Industrial Direct stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total transaction of $177,521.00. Following the completion of the transaction, the executive vice president now owns 7,496 shares of the company’s stock, valued at approximately $625,916. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,266 shares of company stock worth $1,672,643. Insiders own 27.96% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its stake in shares of MSC Industrial Direct by 2.0% in the fourth quarter. LPL Financial LLC now owns 6,381 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 128 shares in the last quarter. Comerica Bank increased its stake in shares of MSC Industrial Direct by 0.5% in the fourth quarter. Comerica Bank now owns 29,636 shares of the industrial products company’s stock worth $2,477,000 after purchasing an additional 140 shares in the last quarter. Haverford Trust Co. increased its stake in shares of MSC Industrial Direct by 2.2% in the fourth quarter. Haverford Trust Co. now owns 6,635 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 140 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in MSC Industrial Direct by 1.3% during the fourth quarter. OLD Second National Bank of Aurora now owns 12,012 shares of the industrial products company’s stock valued at $924,000 after acquiring an additional 157 shares in the last quarter. Finally, BOKF NA grew its stake in MSC Industrial Direct by 3.1% during the fourth quarter. BOKF NA now owns 6,814 shares of the industrial products company’s stock valued at $524,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 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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The Fly

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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