MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 99.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,384 shares of the industrial products company’s stock after selling 358,399 shares during the period. Seizert Capital Partners LLC’s holdings in MSC Industrial Direct were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MSM. First Horizon Advisors Inc. boosted its holdings in 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. Allworth Financial LP boosted its holdings in 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 buying an additional 342 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 acquired a new stake in MSC Industrial Direct in the 4th quarter worth about $36,000. Finally, V Square Quantitative Management LLC boosted its holdings in MSC Industrial Direct by 77.0% in the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock worth $40,000 after buying an additional 231 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSM. Wolfe Research began coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 target price on the stock. Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.80.

MSC Industrial Direct Trading Up 1.0 %

MSM opened at $77.80 on Thursday. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 18.57 and a beta of 0.91. 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 company’s 50 day simple moving average is $80.16 and its two-hundred day simple moving average is $81.75. MSC Industrial Direct Co., Inc. has a 1-year low of $72.79 and a 1-year high of $100.69.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. Analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal 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 given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s payout ratio is presently 81.15%.

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.