Virginia Retirement Systems ET AL Continues to Hold Stake in MSC Industrial Direct Company, Inc. (MSM)

Virginia Retirement Systems ET AL continued to hold its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,800 shares of the industrial products company’s stock at the end of the 2nd quarter. Virginia Retirement Systems ET AL’s holdings in MSC Industrial Direct were worth $499,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of MSC Industrial Direct by 0.4% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,729 shares of the industrial products company’s stock valued at $794,000 after buying an additional 34 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its holdings in MSC Industrial Direct by 3.5% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 37 shares during the last quarter. Profund Advisors LLC boosted its holdings in MSC Industrial Direct by 1.0% in the first quarter. Profund Advisors LLC now owns 6,577 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 63 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in MSC Industrial Direct by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 3,608 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 77 shares during the last quarter. Finally, KCG Holdings Inc. boosted its holdings in MSC Industrial Direct by 0.6% in the first quarter. KCG Holdings Inc. now owns 12,708 shares of the industrial products company’s stock worth $1,306,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Thursday. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 17th. BMO Capital Markets reiterated a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. TheStreet downgraded shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Finally, J P Morgan Chase & Co downgraded shares of MSC Industrial Direct from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $76.00 in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $90.25.

MSC Industrial Direct Company, Inc. (MSM) opened at 73.80 on Friday. MSC Industrial Direct Company, Inc. has a 52 week low of $65.42 and a 52 week high of $105.70. The stock has a market capitalization of $4.20 billion, a PE ratio of 18.40 and a beta of 0.51. The firm has a 50 day moving average of $69.45 and a 200-day moving average of $83.70.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The business had revenue of $743.90 million during the quarter, compared to analysts’ expectations of $744.49 million. During the same quarter in the previous year, the business earned $1.05 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that MSC Industrial Direct Company, Inc. will post $3.98 EPS for the current year.

In related news, Director Philip Peller purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was purchased at an average price of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now directly owns 2,422 shares in the company, valued at $174,384. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.28% of the stock is currently owned by insiders.

About MSC Industrial Direct

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.

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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