UBS Asset Management Americas Inc. increased its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 255.1% during the first quarter, Holdings Channel reports. The fund owned 245,323 shares of the industrial products company’s stock after buying an additional 176,247 shares during the period. UBS Asset Management Americas Inc.’s holdings in MSC Industrial Direct Company were worth $25,209,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Simplex Trading LLC bought a new stake in MSC Industrial Direct Company during the first quarter worth $139,000. Fred Alger Management Inc. bought a new stake in MSC Industrial Direct Company during the fourth quarter worth $148,000. Parametrica Management Ltd bought a new stake in MSC Industrial Direct Company during the first quarter worth $205,000. Texas Yale Capital Corp. bought a new stake in MSC Industrial Direct Company during the fourth quarter worth $206,000. Finally, Americafirst Capital Management LLC increased its stake in MSC Industrial Direct Company by 91.4% in the first quarter. Americafirst Capital Management LLC now owns 2,226 shares of the industrial products company’s stock worth $229,000 after buying an additional 1,063 shares during the last quarter. 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) opened at 85.36 on Friday. The firm has a market capitalization of $4.86 billion, a P/E ratio of 21.49 and a beta of 0.47. The company’s 50-day moving average is $86.13 and its 200 day moving average is $94.92. MSC Industrial Direct Company, Inc. has a 52-week low of $67.74 and a 52-week 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The business had revenue of $703.78 million during 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%. MSC Industrial Direct Company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Analysts expect that MSC Industrial Direct Company, Inc. will post $4.03 EPS for the current fiscal year.

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A number of research firms have recently weighed in on MSM. Stifel Nicolaus restated a “hold” rating and issued a $88.00 price target (down from $92.00) on shares of MSC Industrial Direct Company in a research note on Monday, June 12th. Zacks Investment Research upgraded shares of MSC Industrial Direct Company from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Thursday, June 8th. J P Morgan Chase & Co began coverage on shares of MSC Industrial Direct Company in a research note on Friday, June 2nd. They issued an “overweight” rating and a $91.00 price target on the stock. BMO Capital Markets restated a “hold” rating and issued a $98.00 price target on shares of MSC Industrial Direct Company in a research note on Thursday, February 23rd. Finally, Barclays PLC restated a “sell” rating and issued a $85.00 price target on shares of MSC Industrial Direct Company in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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.

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