Atria Investments Inc Sells 210 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Atria Investments Inc lowered its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,010 shares of the industrial products company’s stock after selling 210 shares during the quarter. Atria Investments Inc’s holdings in MSC Industrial Direct were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in shares of MSC Industrial Direct by 53.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock worth $35,000 after buying an additional 141 shares during the last quarter. Altrius Capital Management Inc raised its position in MSC Industrial Direct by 0.3% during the fourth quarter. Altrius Capital Management Inc now owns 54,138 shares of the industrial products company’s stock valued at $4,044,000 after purchasing an additional 159 shares in the last quarter. UMB Bank n.a. lifted its stake in MSC Industrial Direct by 54.0% during the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 167 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of MSC Industrial Direct by 4.9% in the 3rd quarter. M&T Bank Corp now owns 3,761 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 176 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of MSC Industrial Direct by 9.6% during the 4th quarter. Blue Trust Inc. now owns 2,362 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Trading Up 0.6 %

NYSE:MSM opened at $77.50 on Tuesday. The firm has a market capitalization of $4.33 billion, a P/E ratio of 18.50 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $80.60 and a 200 day moving average of $81.52. MSC Industrial Direct Co., Inc. has a 52 week low of $72.79 and a 52 week high of $100.35.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 EPS 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 the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, research analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.39%. MSC Industrial Direct’s dividend payout ratio is presently 81.15%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stephens cut 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 report on Wednesday, December 4th. Wolfe Research began coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They set an “outperform” rating and a $95.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, MSC Industrial Direct currently has an average rating of “Hold” and an average price target of $83.80.

MSC Industrial Direct 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.