Boston Partners Purchases 96,335 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Boston Partners grew its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,434,415 shares of the industrial products company’s stock after buying an additional 96,335 shares during the period. Boston Partners owned 2.57% of MSC Industrial Direct worth $107,168,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in shares of MSC Industrial Direct by 53.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after buying an additional 141 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of MSC Industrial Direct by 412.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock valued at $35,000 after buying an additional 342 shares in the last quarter. UMB Bank n.a. raised its position in shares of MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 167 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of MSC Industrial Direct in the 4th quarter valued at approximately $36,000. Finally, V Square Quantitative Management LLC raised its position in shares of MSC Industrial Direct by 77.0% in the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

MSC Industrial Direct Stock Performance

MSM opened at $77.97 on Wednesday. MSC Industrial Direct Co., Inc. has a 12-month low of $72.79 and a 12-month high of $100.35. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.36 billion, a PE ratio of 18.61 and a beta of 0.90. The firm has a 50 day moving average of $80.56 and a two-hundred day moving average of $81.49.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company had revenue of $928.50 million during the quarter, compared to analyst estimates of $904.90 million. During the same period last year, the firm posted $1.25 EPS. MSC Industrial Direct’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

Analyst Ratings Changes

MSM has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.80.

MSC Industrial Direct Profile

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, the United Kingdom, and internationally. The company's 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.