Capital Advisors Inc. OK reduced its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,975 shares of the industrial products company’s stock after selling 41,120 shares during the period. Capital Advisors Inc. OK owned approximately 0.37% of MSC Industrial Direct worth $15,396,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in MSM. BlackRock Inc. boosted its position in MSC Industrial Direct by 34.8% in the 1st quarter. BlackRock Inc. now owns 5,480,861 shares of the industrial products company’s stock valued at $467,024,000 after buying an additional 1,414,485 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of MSC Industrial Direct by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,307,751 shares of the industrial products company’s stock valued at $367,063,000 after acquiring an additional 38,035 shares during the period. American Century Companies Inc. grew its position in MSC Industrial Direct by 11.7% in the first quarter. American Century Companies Inc. now owns 3,503,731 shares of the industrial products company’s stock worth $298,553,000 after buying an additional 368,106 shares during the last quarter. State Street Corp grew its position in MSC Industrial Direct by 7.5% in the first quarter. State Street Corp now owns 1,305,746 shares of the industrial products company’s stock worth $111,263,000 after buying an additional 91,207 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in MSC Industrial Direct by 0.5% in the 1st quarter. First Trust Advisors LP now owns 1,023,981 shares of the industrial products company’s stock worth $87,253,000 after purchasing an additional 5,411 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.
MSC Industrial Direct Stock Down 2.2 %
Shares of MSC Industrial Direct stock traded down $1.63 on Friday, hitting $72.06. The company had a trading volume of 18,601 shares, compared to its average volume of 273,260. MSC Industrial Direct Co., Inc. has a twelve month low of $71.69 and a twelve month high of $87.99. The stock has a 50-day moving average of $80.43 and a 200-day moving average of $80.73. The firm has a market capitalization of $4.03 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.39 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.37 and a quick ratio of 1.27.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MSM. William Blair lowered shares of MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 29th. Stephens dropped their target price on shares of MSC Industrial Direct to $100.00 in a report on Monday, July 4th. Finally, Robert W. Baird dropped their price objective on shares of MSC Industrial Direct from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, June 30th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, MSC Industrial Direct currently has a consensus rating of “Moderate Buy” and an average target price of $98.25.
Insider Buying and Selling
In other news, SVP Kimberly Shacklett sold 8,057 shares of MSC Industrial Direct stock in a transaction on Friday, August 12th. The shares were sold at an average price of $85.00, for a total value of $684,845.00. Following the completion of the sale, the senior vice president now owns 9,000 shares in the company, valued at approximately $765,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mitchell Jacobson purchased 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The shares were bought at an average cost of $72.25 per share, with a total value of $14,450,000.00. Following the acquisition, the director now owns 272,450 shares of the company’s stock, valued at $19,684,512.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kimberly Shacklett sold 8,057 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $85.00, for a total transaction of $684,845.00. Following the completion of the transaction, the senior vice president now directly owns 9,000 shares in the company, valued at $765,000. The disclosure for this sale can be found here. Insiders have sold a total of 37,059 shares of company stock worth $3,052,688 in the last ninety days. Company insiders own 28.28% 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 and services 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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