Squarepoint Ops LLC Boosts Position in MSC Industrial Direct Co Inc (NYSE:MSM)

Squarepoint Ops LLC grew its stake in MSC Industrial Direct Co Inc (NYSE:MSM) by 160.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,131 shares of the industrial products company’s stock after acquiring an additional 58,632 shares during the quarter. Squarepoint Ops LLC owned about 0.17% of MSC Industrial Direct worth $7,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in MSC Industrial Direct by 27.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 46,642 shares of the industrial products company’s stock valued at $4,109,000 after buying an additional 9,942 shares during the period. SG Americas Securities LLC raised its holdings in MSC Industrial Direct by 157.1% in the 3rd quarter. SG Americas Securities LLC now owns 25,538 shares of the industrial products company’s stock worth $2,250,000 after purchasing an additional 15,606 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in MSC Industrial Direct by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock worth $235,017,000 after purchasing an additional 31,846 shares in the last quarter. Rhumbline Advisers raised its holdings in MSC Industrial Direct by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 113,488 shares of the industrial products company’s stock worth $9,999,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Commonwealth Bank of Australia bought a new position in MSC Industrial Direct in the 3rd quarter worth $378,000. 75.05% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Wells Fargo & Co decreased their price objective on shares of MSC Industrial Direct from $87.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, December 21st. Buckingham Research set a $83.00 price objective on shares of MSC Industrial Direct and gave the stock a “hold” rating in a report on Thursday, January 10th. Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price objective for the company. in a report on Friday, February 8th. Finally, Robert W. Baird decreased their price objective on shares of MSC Industrial Direct from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.38.

Shares of MSC Industrial Direct stock traded up $0.36 during trading on Monday, hitting $82.00. The company’s stock had a trading volume of 377,334 shares, compared to its average volume of 428,147. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.27. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.46 and a beta of 0.86. MSC Industrial Direct Co Inc has a 52 week low of $73.28 and a 52 week high of $95.83.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, April 10th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.02). The business had revenue of $823.00 million during the quarter, compared to the consensus estimate of $826.98 million. MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, equities analysts anticipate that MSC Industrial Direct Co Inc will post 5.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.52 annualized dividend and a dividend yield of 3.07%. MSC Industrial Direct’s payout ratio is 49.61%.

In other MSC Industrial Direct news, SVP Steve Armstrong sold 5,293 shares of the firm’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $82.48, for a total transaction of $436,566.64. Following the completion of the sale, the senior vice president now directly owns 7,561 shares in the company, valued at approximately $623,631.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Charles Bonomo sold 601 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $83.01, for a total transaction of $49,889.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,810 shares of company stock valued at $1,635,422. 27.96% of the stock is owned by company insiders.

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About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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.

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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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