Diversified Trust Co Sells 4,683 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Diversified Trust Co trimmed its position in MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 67.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,281 shares of the industrial products company’s stock after selling 4,683 shares during the period. Diversified Trust Co’s holdings in MSC Industrial Direct were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MSM. BlackRock Inc. raised its holdings in shares of MSC Industrial Direct by 34.8% in the first quarter. BlackRock Inc. now owns 5,480,861 shares of the industrial products company’s stock worth $467,024,000 after buying an additional 1,414,485 shares during the last quarter. Norges Bank acquired a new position in MSC Industrial Direct in the 4th quarter valued at about $38,273,000. Capital Research Global Investors purchased a new stake in shares of MSC Industrial Direct in the 2nd quarter valued at approximately $28,584,000. Balyasny Asset Management LLC purchased a new stake in shares of MSC Industrial Direct in the 3rd quarter valued at approximately $14,719,000. Finally, Vanguard Group Inc. increased its stake in MSC Industrial Direct by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,817,016 shares of the industrial products company’s stock worth $472,790,000 after buying an additional 197,193 shares during the period. 89.51% of the stock is currently owned by institutional investors and hedge funds.

MSC Industrial Direct Stock Down 0.7 %

Shares of NYSE:MSM opened at $98.51 on Friday. The stock has a market cap of $5.56 billion, a P/E ratio of 16.75 and a beta of 0.96. The firm has a fifty day moving average price of $98.41 and a 200 day moving average price of $98.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.02 and a quick ratio of 0.89. MSC Industrial Direct Co., Inc. has a 1-year low of $79.26 and a 1-year high of $105.77.

MSC Industrial Direct (NYSE:MSMGet Free Report) last announced its quarterly earnings data on Tuesday, January 9th. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.05). The firm had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $971.31 million. MSC Industrial Direct had a return on equity of 23.46% and a net margin of 8.27%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. Sell-side analysts predict that MSC Industrial Direct Co., Inc. will post 5.9 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Erik Gershwind sold 15,000 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $96.15, for a total value of $1,442,250.00. Following the completion of the transaction, the chief executive officer now owns 1,417,038 shares in the company, valued at approximately $136,248,203.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Erik Gershwind sold 15,000 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $96.15, for a total value of $1,442,250.00. Following the completion of the transaction, the chief executive officer now owns 1,417,038 shares in the company, valued at approximately $136,248,203.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mitchell Jacobson sold 24,501 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $99.31, for a total transaction of $2,433,194.31. Following the transaction, the director now owns 1,683,810 shares of the company’s stock, valued at $167,219,171.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,503 shares of company stock worth $24,841,663. 18.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, KeyCorp lowered their price target on shares of MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Read Our Latest Analysis on MSC Industrial Direct

MSC Industrial Direct Company Profile

(Free Report)

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.

See Also

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

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