6,360 Shares in MSC Industrial Direct Co Inc (MSM) Purchased by Banco de Sabadell S.A

Banco de Sabadell S.A bought a new stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) in the second quarter, HoldingsChannel.com reports. The fund bought 6,360 shares of the industrial products company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. bought a new position in shares of MSC Industrial Direct during the second quarter valued at approximately $110,000. Asset Management One Co. Ltd. bought a new position in shares of MSC Industrial Direct during the first quarter valued at approximately $191,000. Quantbot Technologies LP bought a new position in shares of MSC Industrial Direct during the first quarter valued at approximately $199,000. CHICAGO TRUST Co NA bought a new position in shares of MSC Industrial Direct during the second quarter valued at approximately $218,000. Finally, Meeder Asset Management Inc. increased its stake in shares of MSC Industrial Direct by 374.5% during the second quarter. Meeder Asset Management Inc. now owns 3,089 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 2,438 shares in the last quarter. 75.20% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Gregory Polli sold 8,696 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $82.38, for a total value of $716,376.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Denis F. Kelly sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total transaction of $132,645.00. The disclosure for this sale can be found here. 31.28% of the stock is owned by company insiders.

Shares of MSM opened at $87.38 on Friday. The company has a market cap of $4.92 billion, a P/E ratio of 21.58, a PEG ratio of 1.08 and a beta of 0.53. The company has a quick ratio of 1.14, a current ratio of 2.11 and a debt-to-equity ratio of 0.18. MSC Industrial Direct Co Inc has a twelve month low of $71.68 and a twelve month high of $99.94.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.39. The company had revenue of $828.30 million during the quarter, compared to the consensus estimate of $834.43 million. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. sell-side analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 EPS for the current fiscal year.

A number of brokerages have weighed in on MSM. ValuEngine downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. BMO Capital Markets decreased their target price on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a research note on Thursday, July 12th. Wells Fargo & Co decreased their target price on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a research note on Thursday, July 12th. Finally, Northcoast Research set a $95.00 target price on shares of MSC Industrial Direct and gave the company a “buy” rating in a research note on Friday, July 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and an average target price of $101.23.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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