VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Stake in MSC Industrial Direct Company, Inc. $MSM

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 562.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,100 shares of the industrial products company’s stock after purchasing an additional 28,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in MSC Industrial Direct were worth $2,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MSM. Quent Capital LLC purchased a new position in MSC Industrial Direct in the 3rd quarter valued at approximately $31,000. Hantz Financial Services Inc. boosted its position in MSC Industrial Direct by 257.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock valued at $33,000 after buying an additional 260 shares during the period. Quarry LP boosted its position in MSC Industrial Direct by 71.7% in the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock valued at $46,000 after buying an additional 210 shares during the period. EverSource Wealth Advisors LLC boosted its position in MSC Industrial Direct by 130.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock valued at $49,000 after buying an additional 326 shares during the period. Finally, NewEdge Advisors LLC boosted its position in MSC Industrial Direct by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $58,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Trading Up 0.0%

NYSE MSM opened at $106.80 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.73. The firm has a market cap of $5.96 billion, a PE ratio of 28.71 and a beta of 0.83. MSC Industrial Direct Company, Inc. has a one year low of $77.78 and a one year high of $108.77. The firm’s fifty day moving average is $95.23 and its two-hundred day moving average is $90.25.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The firm had revenue of $917.77 million for the quarter, compared to analyst estimates of $931.69 million. During the same quarter last year, the firm earned $0.72 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that MSC Industrial Direct Company, Inc. will post 4.34 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, April 8th. MSC Industrial Direct’s payout ratio is 93.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $95.00 price objective on shares of MSC Industrial Direct in a research report on Friday, February 6th. iA Financial set a $95.00 price objective on shares of MSC Industrial Direct in a research report on Friday, February 6th. Wall Street Zen cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. Finally, KeyCorp raised shares of MSC Industrial Direct from a “sector weight” rating to an “overweight” rating and set a $117.00 price objective for the company in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.29.

About MSC Industrial Direct

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.