Proficio Capital Partners LLC Acquires Shares of 12,324 MSC Industrial Direct Co., Inc. (NYSE:MSM)

Proficio Capital Partners LLC bought a new position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,324 shares of the industrial products company’s stock, valued at approximately $920,000.

Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of MSC Industrial Direct by 8,289.7% during the third quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company’s stock worth $1,466,000 after buying an additional 16,828 shares during the period. Barclays PLC boosted its stake in shares of MSC Industrial Direct by 36.9% during the third quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock worth $2,195,000 after buying an additional 6,864 shares during the period. Pathstone Holdings LLC lifted its position in MSC Industrial Direct by 36.4% in the third quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company’s stock valued at $1,989,000 after purchasing an additional 6,172 shares during the period. XTX Topco Ltd lifted its position in MSC Industrial Direct by 398.1% in the third quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company’s stock valued at $1,365,000 after purchasing an additional 12,676 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in MSC Industrial Direct by 892.9% in the third quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 625 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price objective 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 for the company. in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Trading Up 2.7 %

Shares of MSC Industrial Direct stock opened at $82.33 on Friday. MSC Industrial Direct Co., Inc. has a 12-month low of $72.79 and a 12-month high of $100.35. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4.60 billion, a PE ratio of 19.65 and a beta of 0.90. The company has a 50-day moving average of $80.41 and a two-hundred day moving average of $81.72.

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

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.13%. MSC Industrial Direct’s dividend payout ratio (DPR) is 81.15%.

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.