Natixis Advisors LLC Has $1.93 Million Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Natixis Advisors LLC lessened its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,833 shares of the industrial products company’s stock after selling 3,759 shares during the quarter. Natixis Advisors LLC’s holdings in MSC Industrial Direct were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MSM. Charles Schwab Investment Management Inc. boosted its stake in MSC Industrial Direct by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company’s stock worth $126,469,000 after buying an additional 126,218 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of MSC Industrial Direct by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 793,184 shares of the industrial products company’s stock valued at $59,243,000 after acquiring an additional 70,076 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in MSC Industrial Direct by 5.8% in the third quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company’s stock valued at $55,232,000 after acquiring an additional 35,077 shares during the period. Boston Trust Walden Corp raised its position in MSC Industrial Direct by 20.5% in the fourth quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company’s stock worth $46,166,000 after purchasing an additional 105,265 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in MSC Industrial Direct by 15.8% during the third quarter. JPMorgan Chase & Co. now owns 258,646 shares of the industrial products company’s stock worth $22,259,000 after purchasing an additional 35,289 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSM has been the subject of a number of recent research reports. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a report on Wednesday, December 4th. 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 objective for the company. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Stock Performance

Shares of NYSE:MSM opened at $80.12 on Tuesday. The business has a fifty day moving average of $80.30 and a 200-day moving average of $81.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.35. The firm has a market cap of $4.48 billion, a PE ratio of 19.12 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM) last posted 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. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm had revenue of $928.50 million during the quarter, compared to analysts’ expectations of $904.90 million. During the same quarter last year, the company posted $1.25 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

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.