Y Intercept Hong Kong Ltd Takes $215,000 Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Y Intercept Hong Kong Ltd purchased a new stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,883 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other large investors also recently bought and sold shares of MSM. First Horizon Advisors Inc. grew its holdings in MSC Industrial Direct by 53.0% in the third 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 during the period. Allworth Financial LP boosted its position in shares of MSC Industrial Direct by 412.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 342 shares in the last quarter. UMB Bank n.a. grew 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 worth $36,000 after buying an additional 167 shares during the last quarter. Synergy Asset Management LLC bought a new position in MSC Industrial Direct during the 4th quarter valued at approximately $36,000. Finally, V Square Quantitative Management LLC raised its stake in MSC Industrial Direct by 77.0% during the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after buying an additional 231 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

MSC Industrial Direct Trading Down 1.7 %

MSC Industrial Direct stock opened at $77.05 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The stock has a market capitalization of $4.30 billion, a PE ratio of 18.39 and a beta of 0.91. The business’s fifty day moving average is $80.16 and its 200 day moving average is $81.75. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $103.00.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. The firm had revenue of $928.50 million during the quarter, compared to analysts’ expectations of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. On average, sell-side analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.85 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.41%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wolfe Research initiated coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an “outperform” rating and a $95.00 price target for the company. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, MSC Industrial Direct currently has an average rating of “Hold” and a consensus price target of $83.80.

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.