Coldstream Capital Management Inc. Buys New Shares in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Coldstream Capital Management Inc. purchased a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 21,649 shares of the industrial products company’s stock, valued at approximately $1,769,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of MSC Industrial Direct by 2.1% during the 3rd quarter. BlackRock Inc. now owns 5,792,145 shares of the industrial products company’s stock worth $421,727,000 after acquiring an additional 121,696 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MSC Industrial Direct by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,476,878 shares of the industrial products company’s stock valued at $325,962,000 after purchasing an additional 72,338 shares during the last quarter. State Street Corp boosted its holdings in shares of MSC Industrial Direct by 4.9% in the 3rd quarter. State Street Corp now owns 1,322,821 shares of the industrial products company’s stock valued at $96,315,000 after purchasing an additional 61,335 shares during the last quarter. First Trust Advisors LP grew its stake in shares of MSC Industrial Direct by 0.5% during the 1st quarter. First Trust Advisors LP now owns 1,023,981 shares of the industrial products company’s stock valued at $87,253,000 after buying an additional 5,411 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MSC Industrial Direct by 7.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 811,300 shares of the industrial products company’s stock worth $69,131,000 after buying an additional 59,456 shares during the last quarter. 73.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Douglas E. Jones sold 885 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $88.00, for a total transaction of $77,880.00. Following the transaction, the executive vice president now directly owns 4,938 shares of the company’s stock, valued at $434,544. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other MSC Industrial Direct news, EVP Douglas E. Jones sold 23,918 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $89.92, for a total transaction of $2,150,706.56. Following the completion of the sale, the executive vice president now owns 5,823 shares in the company, valued at approximately $523,604.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Douglas E. Jones sold 885 shares of MSC Industrial Direct stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $88.00, for a total value of $77,880.00. Following the sale, the executive vice president now owns 4,938 shares in the company, valued at $434,544. The disclosure for this sale can be found here. 28.39% of the stock is owned by company insiders.

MSC Industrial Direct Stock Down 3.0 %

Shares of MSC Industrial Direct stock opened at $78.24 on Friday. The company has a fifty day moving average price of $83.38 and a 200 day moving average price of $81.35. The company has a current ratio of 2.14, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. MSC Industrial Direct Co., Inc. has a twelve month low of $71.32 and a twelve month high of $90.04. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02.

MSC Industrial Direct (NYSE:MSM – Get Rating) last issued its earnings results on Thursday, January 5th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $957.75 million during the quarter, compared to the consensus estimate of $948.17 million. MSC Industrial Direct had a return on equity of 26.97% and a net margin of 9.34%. Equities research analysts forecast that MSC Industrial Direct Co., Inc. will post 6.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MSM has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on MSC Industrial Direct from $92.00 to $95.00 in a report on Friday, January 6th. StockNews.com began coverage on MSC Industrial Direct in a report on Thursday. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.00.

About MSC Industrial Direct

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MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair, and operations products and services. Its products include cutting tools, measuring instruments, tooling components, metalworking, 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.