Valley National Advisers Inc. Sells 1,495 Shares of MSC Industrial Direct Company, Inc. $MSM

Valley National Advisers Inc. trimmed its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,408 shares of the industrial products company’s stock after selling 1,495 shares during the period. Valley National Advisers Inc.’s holdings in MSC Industrial Direct were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clearstead Trust LLC acquired a new position in shares of MSC Industrial Direct in the 1st quarter worth approximately $25,000. Investment Management Corp VA ADV raised its stake in shares of MSC Industrial Direct by 207.8% in the first quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 268 shares during the last quarter. Neo Ivy Capital Management bought a new position in MSC Industrial Direct in the 1st quarter valued at $32,000. Farther Finance Advisors LLC boosted its holdings in MSC Industrial Direct by 895.0% in the first quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 537 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of MSC Industrial Direct by 47.1% in the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

MSM stock opened at $92.05 on Tuesday. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 26.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 0.91. The company has a 50 day simple moving average of $89.60 and a 200 day simple moving average of $83.99. MSC Industrial Direct Company, Inc. has a 1 year low of $68.10 and a 1 year high of $94.31.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSM shares. Zacks Research lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Stephens upped their price objective on MSC Industrial Direct from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MSC Industrial Direct in a report on Saturday, September 27th. Robert W. Baird boosted their price objective on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Loop Capital increased their target price on MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, MSC Industrial Direct currently has an average rating of “Hold” and a consensus target price of $90.33.

Insider Transactions at MSC Industrial Direct

In other news, SVP Kimberly Shacklett sold 2,130 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $92.00, for a total transaction of $195,960.00. Following the completion of the transaction, the senior vice president owned 14,657 shares of the company’s stock, valued at approximately $1,348,444. This trade represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.30% of the stock is currently owned by company insiders.

MSC Industrial Direct Company Profile

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, the United Kingdom, and internationally. The company's 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.