Pacer Advisors Inc. Sells 2,190 Shares of MSC Industrial Direct Company, Inc. (MSM)

Pacer Advisors Inc. lowered its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 28.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,628 shares of the industrial products company’s stock after selling 2,190 shares during the period. Pacer Advisors Inc.’s holdings in MSC Industrial Direct Company were worth $578,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in MSM. FMR LLC raised its stake in MSC Industrial Direct Company by 653.7% in the fourth quarter. FMR LLC now owns 1,781,993 shares of the industrial products company’s stock worth $164,639,000 after buying an additional 1,545,564 shares during the last quarter. Jennison Associates LLC bought a new position in shares of MSC Industrial Direct Company during the first quarter valued at $61,347,000. Norges Bank bought a new position in shares of MSC Industrial Direct Company during the fourth quarter valued at $41,201,000. AQR Capital Management LLC increased its position in MSC Industrial Direct Company by 137.3% in the fourth quarter. AQR Capital Management LLC now owns 663,824 shares of the industrial products company’s stock worth $61,331,000 after buying an additional 384,111 shares during the last quarter. Finally, Ardevora Asset Management LLP acquired a new position in MSC Industrial Direct Company during the fourth quarter worth about $28,816,000. 78.12% of the stock is owned by institutional investors and hedge funds.

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

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at 85.36 on Friday. MSC Industrial Direct Company, Inc. has a one year low of $67.74 and a one year high of $105.70. The firm has a 50-day moving average of $86.13 and a 200 day moving average of $94.92. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 21.49 and a beta of 0.47.

MSC Industrial Direct Company (NYSE:MSM) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.90 by $0.03. The firm had revenue of $703.78 million for the quarter, compared to analyst estimates of $697.85 million. MSC Industrial Direct Company had a return on equity of 19.39% and a net margin of 8.19%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. Equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post $4.03 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://transcriptdaily.com/2017/06/17/pacer-advisors-inc-sells-2190-shares-of-msc-industrial-direct-co-inc-msm-updated-updated.html.

Several brokerages recently weighed in on MSM. J P Morgan Chase & Co initiated coverage on shares of MSC Industrial Direct Company in a research report on Friday, June 2nd. They issued an “overweight” rating and a $91.00 price objective on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $88.00 price objective (down previously from $92.00) on shares of MSC Industrial Direct Company in a research note on Monday, June 12th. Zacks Investment Research cut shares of MSC Industrial Direct Company from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Credit Suisse Group raised shares of MSC Industrial Direct Company from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $92.00 to $100.00 in a research report on Wednesday, April 19th. Finally, Barclays PLC reissued a “sell” rating and issued a $85.00 target price on shares of MSC Industrial Direct Company in a research report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $94.42.

About MSC Industrial Direct Company

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.

Receive News & Ratings for MSC Industrial Direct Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply