MSC Industrial Direct Company, Inc. (MSM) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 34.0% during the first quarter, Holdings Channel reports. The fund owned 4,468 shares of the industrial products company’s stock after selling 2,303 shares during the period. Logan Capital Management Inc.’s holdings in MSC Industrial Direct Company were worth $459,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MSM. Schwab Charles Investment Management Inc. increased its position in shares of MSC Industrial Direct Company by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 274,542 shares of the industrial products company’s stock worth $28,212,000 after buying an additional 24,799 shares during the last quarter. Nicholas Investment Partners LP bought a new position in shares of MSC Industrial Direct Company during the first quarter worth approximately $4,538,000. Invictus RG increased its position in shares of MSC Industrial Direct Company by 796.7% in the first quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock worth $167,000 after buying an additional 1,442 shares during the last quarter. KCG Holdings Inc. increased its position in shares of MSC Industrial Direct Company by 0.6% in the first quarter. KCG Holdings Inc. now owns 12,708 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 82 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of MSC Industrial Direct Company by 7,681.5% in the first quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock worth $382,836,000 after buying an additional 3,677,680 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

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

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) traded up 2.08% during midday trading on Friday, hitting $85.36. The stock had a trading volume of 507,895 shares. The stock has a market cap of $4.86 billion, a P/E ratio of 21.49 and a beta of 0.47. The stock has a 50-day moving average price of $86.31 and a 200-day moving average price of $94.95. MSC Industrial Direct Company, Inc. has a 12-month low of $67.74 and a 12-month high of $105.70.

MSC Industrial Direct Company (NYSE:MSM) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. The business had revenue of $703.78 million for the quarter, compared to analyst estimates of $697.85 million. MSC Industrial Direct Company had a return on equity of 19.39% and a net margin of 8.19%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Equities analysts forecast that MSC Industrial Direct Company, Inc. will post $4.03 earnings per share for the current year.

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A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $88.00 price objective (down previously from $92.00) on shares of MSC Industrial Direct Company in a research report on Monday. Zacks Investment Research downgraded MSC Industrial Direct Company from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. J P Morgan Chase & Co initiated coverage on MSC Industrial Direct Company in a research report on Friday, June 2nd. They set an “overweight” rating and a $91.00 price objective on the stock. Raymond James Financial, Inc. upgraded MSC Industrial Direct Company from a “market perform” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, April 19th. Finally, Credit Suisse Group upgraded MSC Industrial Direct Company from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $92.00 to $100.00 in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $94.42.

MSC Industrial Direct Company 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.

Want to see what other hedge funds are holding MSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSC Industrial Direct Company, Inc. (NYSE:MSM).

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