Atria Wealth Solutions Inc. Purchases 2,357 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Atria Wealth Solutions Inc. boosted its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 38.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,538 shares of the industrial products company’s stock after acquiring an additional 2,357 shares during the period. Atria Wealth Solutions Inc.’s holdings in MSC Industrial Direct were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC raised its position in shares of MSC Industrial Direct by 7.3% during the 4th quarter. Bison Wealth LLC now owns 2,685 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 182 shares during the last quarter. Verity Asset Management Inc. lifted its stake in MSC Industrial Direct by 3.9% in the third quarter. Verity Asset Management Inc. now owns 5,141 shares of the industrial products company’s stock valued at $505,000 after buying an additional 193 shares during the period. Arizona State Retirement System boosted its holdings in MSC Industrial Direct by 1.7% during the third quarter. Arizona State Retirement System now owns 13,495 shares of the industrial products company’s stock worth $1,325,000 after buying an additional 221 shares during the last quarter. Butensky & Cohen Financial Security Inc. grew its position in shares of MSC Industrial Direct by 0.5% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 50,106 shares of the industrial products company’s stock worth $5,074,000 after buying an additional 240 shares during the period. Finally, Contravisory Investment Management Inc. bought a new stake in shares of MSC Industrial Direct in the 4th quarter valued at about $25,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSM. StockNews.com lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of MSC Industrial Direct in a report on Monday, April 1st. Finally, KeyCorp lowered their price objective on shares of MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, MSC Industrial Direct has a consensus rating of “Moderate Buy” and an average price target of $107.00.

MSC Industrial Direct Stock Up 0.5 %

MSC Industrial Direct stock opened at $91.62 on Friday. The company has a 50 day moving average of $96.01 and a 200-day moving average of $97.49. The company has a quick ratio of 0.92, a current ratio of 2.01 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a twelve month low of $88.77 and a twelve month high of $105.77. The stock has a market capitalization of $5.16 billion, a PE ratio of 16.45 and a beta of 0.96.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Thursday, March 28th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The company had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. During the same period in the previous year, the company posted $1.45 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 5.69 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, April 8th. MSC Industrial Direct’s dividend payout ratio is presently 59.61%.

MSC Industrial Direct Company 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.