Stevens Capital Management LP lifted its stake in MSC Industrial Direct Co Inc (NYSE:MSM) by 102.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,248 shares of the industrial products company’s stock after purchasing an additional 17,799 shares during the period. Stevens Capital Management LP owned approximately 0.06% of MSC Industrial Direct worth $2,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSM. Asset Management One Co. Ltd. acquired a new stake in shares of MSC Industrial Direct in the first quarter valued at about $191,000. Quantbot Technologies LP acquired a new stake in shares of MSC Industrial Direct in the first quarter valued at about $199,000. CHICAGO TRUST Co NA acquired a new stake in shares of MSC Industrial Direct in the second quarter valued at about $218,000. Meeder Asset Management Inc. lifted its stake in shares of MSC Industrial Direct by 374.5% in the second quarter. Meeder Asset Management Inc. now owns 3,089 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 2,438 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in shares of MSC Industrial Direct in the first quarter valued at about $271,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.

Shares of MSM opened at $86.06 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.11 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.27 and a beta of 0.58. MSC Industrial Direct Co Inc has a 12-month low of $66.12 and a 12-month high of $99.94.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.39. The company had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $834.43 million. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. research analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 earnings per share for the current year.

MSM has been the subject of several recent analyst reports. Northcoast Research set a $95.00 price objective on shares of MSC Industrial Direct and gave the company a “buy” rating in a research note on Friday, July 13th. ValuEngine cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Wells Fargo & Co reduced their price objective on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a research note on Thursday, July 12th. Finally, BMO Capital Markets reduced their price objective on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a research note on Thursday, July 12th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $101.23.

In other MSC Industrial Direct news, Director Denis F. Kelly sold 1,500 shares of MSC Industrial Direct stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total transaction of $132,645.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory Polli sold 8,696 shares of MSC Industrial Direct stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $82.38, for a total transaction of $716,376.48. The disclosure for this sale can be found here. Insiders own 31.28% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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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