Stephens Investment Management Group LLC Buys 82,479 Shares of MSC Industrial Direct Co Inc (MSM)

Stephens Investment Management Group LLC increased its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 24.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 421,626 shares of the industrial products company’s stock after acquiring an additional 82,479 shares during the quarter. Stephens Investment Management Group LLC owned about 0.75% of MSC Industrial Direct worth $40,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSM. PNC Financial Services Group Inc. increased its holdings in shares of MSC Industrial Direct by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 8 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of MSC Industrial Direct by 7.8% in the second quarter. Thrivent Financial For Lutherans now owns 9,100 shares of the industrial products company’s stock worth $782,000 after acquiring an additional 660 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of MSC Industrial Direct by 2.5% in the second quarter. Parametric Portfolio Associates LLC now owns 69,175 shares of the industrial products company’s stock worth $5,946,000 after acquiring an additional 1,678 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MSC Industrial Direct by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 467,125 shares of the industrial products company’s stock worth $40,153,000 after buying an additional 45,196 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of MSC Industrial Direct during the second quarter worth about $249,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on MSM shares. Credit Suisse Group restated an “outperform” rating and issued a $112.00 price target (up from $100.00) on shares of MSC Industrial Direct in a research note on Tuesday, January 9th. Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $93.00 price objective on shares of MSC Industrial Direct in a research report on Monday, December 11th. Northcoast Research raised MSC Industrial Direct from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Finally, Wells Fargo & Co set a $86.00 price target on MSC Industrial Direct and gave the stock a “hold” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $95.92.

Shares of MSC Industrial Direct Co Inc (MSM) traded down $0.23 during mid-day trading on Wednesday, reaching $88.40. The company had a trading volume of 584,167 shares, compared to its average volume of 923,205. The company has a market cap of $4,994.10, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.29 and a beta of 0.59. MSC Industrial Direct Co Inc has a twelve month low of $65.42 and a twelve month high of $105.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.04.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.01). The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. sell-side analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 16th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 12th. MSC Industrial Direct’s payout ratio is currently 56.04%.

MSC Industrial Direct declared that its board has initiated a stock repurchase plan on Wednesday, January 10th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other MSC Industrial Direct news, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Erik Gershwind sold 37,703 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $94.16, for a total value of $3,550,114.48. Following the completion of the transaction, the chief executive officer now directly owns 117,885 shares of the company’s stock, valued at $11,100,051.60. The disclosure for this sale can be found here. Insiders sold a total of 924,103 shares of company stock worth $85,457,977 over the last three months. 31.38% of the stock is owned by company insiders.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

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

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