BNP Paribas Arbitrage SA Cuts Stock Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

BNP Paribas Arbitrage SA decreased its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSMGet Rating) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,179 shares of the industrial products company’s stock after selling 64,893 shares during the quarter. BNP Paribas Arbitrage SA owned 0.12% of MSC Industrial Direct worth $5,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its stake in MSC Industrial Direct by 401.3% in the fourth quarter. Huntington National Bank now owns 376 shares of the industrial products company’s stock worth $31,000 after buying an additional 301 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in MSC Industrial Direct in the third quarter worth approximately $41,000. MFA Wealth Advisors LLC purchased a new stake in MSC Industrial Direct in the third quarter worth approximately $59,000. Gladius Capital Management LP purchased a new stake in MSC Industrial Direct in the fourth quarter worth approximately $99,000. Finally, AGF Investments Inc. boosted its stake in MSC Industrial Direct by 13.4% in the third quarter. AGF Investments Inc. now owns 2,200 shares of the industrial products company’s stock worth $176,000 after buying an additional 260 shares in the last quarter. 76.92% of the stock is owned by institutional investors.

NYSE:MSM opened at $80.74 on Friday. The firm has a market cap of $4.51 billion, a PE ratio of 15.26 and a beta of 1.00. MSC Industrial Direct Co., Inc. has a fifty-two week low of $74.20 and a fifty-two week high of $96.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 2.37. The business has a 50 day moving average price of $82.69 and a 200-day moving average price of $82.54.

MSC Industrial Direct (NYSE:MSMGet Rating) last announced its earnings results on Wednesday, March 30th. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $862.50 million during the quarter, compared to the consensus estimate of $856.03 million. MSC Industrial Direct had a return on equity of 24.70% and a net margin of 8.70%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Research analysts predict that MSC Industrial Direct Co., Inc. will post 6.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 26th. Investors of record on Tuesday, April 12th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, April 11th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.72%. MSC Industrial Direct’s dividend payout ratio is presently 56.71%.

Several analysts have issued reports on MSM shares. Loop Capital upped their target price on MSC Industrial Direct from $88.00 to $93.00 in a research note on Thursday, March 31st. KeyCorp upped their target price on MSC Industrial Direct from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, March 31st. StockNews.com lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Robert W. Baird increased their price objective on MSC Industrial Direct from $103.00 to $105.00 in a research note on Thursday, March 31st. Finally, Zacks Investment Research raised MSC Industrial Direct from a “sell” rating to a “hold” rating and set a $96.00 price objective for the company in a research note on Saturday, April 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.17.

In other MSC Industrial Direct news, EVP Steven N. Baruch sold 8,250 shares of the stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $85.73, for a total value of $707,272.50. Following the completion of the transaction, the executive vice president now owns 12,569 shares in the company, valued at $1,077,540.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Louise K. Goeser sold 2,440 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $82.47, for a total value of $201,226.80. Following the completion of the transaction, the director now owns 9,763 shares of the company’s stock, valued at approximately $805,154.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,325 shares of company stock valued at $3,629,109. 28.28% of the stock is owned by corporate insiders.

MSC Industrial Direct Profile (Get Rating)

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, and the United Kingdom. Its 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.

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

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