13,763 Shares in MSC Industrial Direct Co., Inc. (NYSE:MSM) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,763 shares of the industrial products company’s stock, valued at approximately $1,028,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of MSC Industrial Direct by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company’s stock worth $126,469,000 after purchasing an additional 126,218 shares during the period. Boston Partners boosted its position in MSC Industrial Direct by 7.2% during the fourth quarter. Boston Partners now owns 1,434,415 shares of the industrial products company’s stock valued at $107,168,000 after acquiring an additional 96,335 shares during the last quarter. Pacer Advisors Inc. grew its holdings in MSC Industrial Direct by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company’s stock worth $79,023,000 after acquiring an additional 91,369 shares during the period. Bank of New York Mellon Corp raised its position in shares of MSC Industrial Direct by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 793,184 shares of the industrial products company’s stock worth $59,243,000 after acquiring an additional 70,076 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its stake in shares of MSC Industrial Direct by 5.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company’s stock valued at $55,232,000 after purchasing an additional 35,077 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Price Performance

Shares of NYSE MSM opened at $78.21 on Friday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 18.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. MSC Industrial Direct Co., Inc. has a fifty-two week low of $72.79 and a fifty-two week high of $100.35. The firm’s 50-day simple moving average is $80.40 and its 200 day simple moving average is $81.46.

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

Analysts Set New Price Targets

MSM has been the topic of a number of research analyst reports. Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, December 4th. Wolfe Research began coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.