The MSC Industrial Direct Co Inc (MSM) Position Increased by Blair William & Co. IL

The MSC Industrial Direct Co Inc (MSM) Position Increased by Blair William & Co. IL

Other institutional investors have also modified their holdings of the company. Morgan Dempsey Capital Management LLC increased its position in shares of MSC Industrial Direct Co by 3.5% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock worth $112,000 after buying an additional 37 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of MSC Industrial Direct Co during the first quarter worth $139,000. Riverhead Capital Management LLC increased its position in shares of MSC Industrial Direct Co by 130.9% in the third quarter. Riverhead Capital Management LLC now owns 1,930 shares of the industrial products company’s stock worth $142,000 after buying an additional 1,094 shares in the last quarter. Fred Alger Management Inc. acquired a new position in shares of MSC Industrial Direct Co during the fourth quarter worth $148,000. Finally, Parametrica Management Ltd acquired a new position in shares of MSC Industrial Direct Co during the first quarter worth $205,000. Institutional investors own 80.99% of the company’s stock.

Blair William & Co. IL raised its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 161.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,742 shares of the industrial products company’s stock after buying an additional 18,994 shares during the period. Blair William & Co. IL owned approximately 0.05% of MSC Industrial Direct Co worth $3,103,000 at the end of the most recent quarter.

MSC Industrial Direct Co Inc (NYSE MSM) traded up 1.07% during midday trading on Friday, hitting $86.21. The stock had a trading volume of 498,605 shares. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 21.70 and a beta of 0.56. MSC Industrial Direct Co Inc has a 1-year low of $67.74 and a 1-year high of $105.70. The firm has a 50-day moving average price of $87.76 and a 200-day moving average price of $95.15.

MSC Industrial Direct Co (NYSE:MSM) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The firm had revenue of $703.78 million during the quarter, compared to the consensus estimate of $697.85 million. MSC Industrial Direct Co had a return on equity of 18.52% and a net margin of 7.61%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. On average, equities research analysts anticipate that MSC Industrial Direct Co Inc will post $4.03 earnings per share for the current year. A number of brokerages have recently weighed in on MSM. Raymond James Financial, Inc. upgraded MSC Industrial Direct Co from a “market perform” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, April 19th. BMO Capital Markets reiterated a “hold” rating and issued a $98.00 target price on shares of MSC Industrial Direct Co in a report on Thursday, February 23rd. JPMorgan Chase & Co. assumed coverage on MSC Industrial Direct Co in a report on Friday. They issued an “overweight” rating and a $91.00 price objective on the stock. Credit Suisse Group AG upgraded MSC Industrial Direct Co from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $92.00 to $100.00 in a report on Wednesday, April 19th. Finally, Barclays PLC restated a “sell” rating and issued a $85.00 price objective on shares of MSC Industrial Direct Co in a report on Friday, April 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $95.75.

About MSC Industrial Direct Co MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MSM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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