Vestcor Inc Sells 12,940 Shares of MSC Industrial Direct Company, Inc. $MSM

Vestcor Inc cut its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 65.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,901 shares of the industrial products company’s stock after selling 12,940 shares during the period. Vestcor Inc’s holdings in MSC Industrial Direct were worth $580,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in MSC Industrial Direct by 257.4% in the third quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 260 shares in the last quarter. Quarry LP lifted its position in MSC Industrial Direct by 71.7% during the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in MSC Industrial Direct by 130.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP lifted its position in MSC Industrial Direct by 25.9% during the 4th quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 129 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in MSC Industrial Direct by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 333 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

MSC Industrial Direct Stock Up 1.3%

Shares of MSM opened at $117.07 on Wednesday. The company has a 50-day simple moving average of $102.52 and a 200-day simple moving average of $93.27. The firm has a market capitalization of $6.54 billion, a P/E ratio of 31.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.73. MSC Industrial Direct Company, Inc. has a 52 week low of $78.80 and a 52 week high of $119.13.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The company had revenue of $917.77 million for the quarter, compared to analyst estimates of $931.69 million. MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, equities research analysts expect that MSC Industrial Direct Company, Inc. will post 4.33 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio is 93.55%.

Analyst Ratings Changes

MSM has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. KeyCorp boosted their target price on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.71.

MSC Industrial Direct Company 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.