Squarepoint Ops LLC Has $9.23 Million Holdings in MSC Industrial Direct Co Inc (NYSE:MSM)

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Squarepoint Ops LLC grew its holdings in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 443.9% during the third quarter, HoldingsChannel.com reports. The firm owned 127,223 shares of the industrial products company’s stock after acquiring an additional 103,831 shares during the quarter. Squarepoint Ops LLC’s holdings in MSC Industrial Direct were worth $9,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of MSC Industrial Direct by 76.1% during the 3rd quarter. Parallel Advisors LLC now owns 361 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 156 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of MSC Industrial Direct by 1,144.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 448 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 412 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of MSC Industrial Direct during the 2nd quarter worth approximately $53,000. Point72 Asset Management L.P. acquired a new position in shares of MSC Industrial Direct during the 2nd quarter worth approximately $89,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of MSC Industrial Direct by 18.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,425 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

In other MSC Industrial Direct news, CFO Rustom Jilla sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.00, for a total value of $142,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 27.96% of the company’s stock.

NYSE MSM opened at $73.35 on Monday. The company has a current ratio of 2.68, a quick ratio of 1.43 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.98 and a beta of 0.92. The firm’s 50 day simple moving average is $74.06 and its 200 day simple moving average is $71.71. MSC Industrial Direct Co Inc has a 1 year low of $64.59 and a 1 year high of $90.21.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.07. The business had revenue of $842.70 million for the quarter, compared to analyst estimates of $837.97 million. MSC Industrial Direct had a net margin of 8.59% and a return on equity of 20.63%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. On average, equities research analysts forecast that MSC Industrial Direct Co Inc will post 5.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.00 dividend on an annualized basis and a yield of 4.09%. MSC Industrial Direct’s dividend payout ratio is currently 56.71%.

Several analysts recently issued reports on MSM shares. ValuEngine upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stephens set a $76.00 price target on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of MSC Industrial Direct from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Co set a $60.00 price target on shares of MSC Industrial Direct and gave the stock a “sell” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.20.

MSC Industrial Direct Profile

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