Yousif Capital Management LLC Sells 573 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Yousif Capital Management LLC lessened its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,709 shares of the industrial products company’s stock after selling 573 shares during the period. Yousif Capital Management LLC’s holdings in MSC Industrial Direct were worth $1,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of MSC Industrial Direct during the third quarter worth $26,000. First Horizon Advisors Inc. increased its holdings in MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 141 shares in the last quarter. UMB Bank n.a. raised its stake in shares of MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 167 shares during the period. Synergy Asset Management LLC acquired a new position in shares of MSC Industrial Direct during the fourth quarter worth about $36,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of MSC Industrial Direct by 892.9% during the third quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock worth $60,000 after buying an additional 625 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSM. JPMorgan Chase & Co. reduced their price target on MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research note on Wednesday, December 4th. Finally, Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.80.

MSC Industrial Direct Stock Performance

Shares of MSM stock opened at $82.03 on Friday. The company has a fifty day moving average price of $80.31 and a two-hundred day moving average price of $81.96. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $104.76. The stock has a market cap of $4.58 billion, a P/E ratio of 19.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. During the same quarter in the previous year, the business earned $1.25 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. MSC Industrial Direct’s dividend payout ratio is currently 81.15%.

About MSC Industrial Direct

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.