Captrust Financial Advisors Lowers Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Captrust Financial Advisors lowered its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 63.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,324 shares of the industrial products company's stock after selling 15,910 shares during the quarter. Captrust Financial Advisors' holdings in MSC Industrial Direct were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MSM. Cary Street Partners Financial LLC purchased a new stake in MSC Industrial Direct during the 4th quarter worth approximately $1,545,000. Balyasny Asset Management L.P. grew its position in MSC Industrial Direct by 1,872.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 107,251 shares of the industrial products company's stock worth $8,011,000 after purchasing an additional 101,813 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in MSC Industrial Direct during the 4th quarter worth approximately $283,000. Beverly Hills Private Wealth LLC grew its position in MSC Industrial Direct by 4.9% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 3,592 shares of the industrial products company's stock worth $268,000 after purchasing an additional 167 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in MSC Industrial Direct by 307.2% during the 4th quarter. BNP Paribas Financial Markets now owns 74,804 shares of the industrial products company's stock worth $5,587,000 after purchasing an additional 56,433 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

Insider Activity

In other news, Director Mitchell Jacobson purchased 27,642 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of $69.77 per share, with a total value of $1,928,582.34. Following the completion of the acquisition, the director now owns 1,951,725 shares of the company's stock, valued at approximately $136,171,853.25. This represents a 1.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.30% of the company's stock.

Wall Street Analyst Weigh In

MSM has been the topic of several research analyst reports. Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a research report on Sunday, April 6th. Loop Capital dropped their target price on shares of MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, Robert W. Baird dropped their target price on shares of MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $82.20.

MSC Industrial Direct Stock Performance

Shares of MSM stock traded down $0.35 during trading hours on Friday, hitting $78.71. The company's stock had a trading volume of 353,418 shares, compared to its average volume of 640,574. The company has a 50 day moving average of $77.18 and a 200 day moving average of $79.88. The stock has a market cap of $4.39 billion, a PE ratio of 18.78 and a beta of 0.90. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 12-month low of $68.10 and a 12-month high of $90.81.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $891.70 million for the quarter, compared to the consensus estimate of $908.30 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. On average, sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio (DPR) is currently 89.71%.

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.