Lawson Kroeker Investment Management Inc. NE Boosts Position in MSC Industrial Direct Company, Inc. (NYSE:MSM)

Lawson Kroeker Investment Management Inc. NE grew its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,961 shares of the industrial products company's stock after acquiring an additional 3,254 shares during the quarter. MSC Industrial Direct comprises approximately 1.1% of Lawson Kroeker Investment Management Inc. NE's investment portfolio, making the stock its 29th largest holding. Lawson Kroeker Investment Management Inc. NE owned about 0.14% of MSC Industrial Direct worth $5,900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Treasurer of the State of North Carolina grew its stake in shares of MSC Industrial Direct by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 20,179 shares of the industrial products company's stock worth $1,507,000 after purchasing an additional 130 shares during the period. Covestor Ltd boosted its holdings in MSC Industrial Direct by 6.6% during the fourth quarter. Covestor Ltd now owns 2,325 shares of the industrial products company's stock worth $174,000 after buying an additional 143 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in MSC Industrial Direct by 0.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 38,611 shares of the industrial products company's stock worth $2,884,000 after buying an additional 166 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in MSC Industrial Direct by 4.9% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 3,592 shares of the industrial products company's stock valued at $268,000 after buying an additional 167 shares during the period. Finally, Parallel Advisors LLC increased its holdings in MSC Industrial Direct by 6.1% in the first quarter. Parallel Advisors LLC now owns 3,792 shares of the industrial products company's stock valued at $295,000 after buying an additional 217 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MSC Industrial Direct news, Director Mitchell Jacobson acquired 27,642 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of $69.77 per share, for a total transaction of $1,928,582.34. Following the acquisition, the director owned 1,951,725 shares in the company, valued at approximately $136,171,853.25. The trade was a 1.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 18.30% of the company's stock.

MSC Industrial Direct Price Performance

MSM stock traded up $0.36 during trading on Friday, hitting $89.97. The stock had a trading volume of 706,491 shares, compared to its average volume of 618,461. MSC Industrial Direct Company, Inc. has a twelve month low of $68.10 and a twelve month high of $90.85. The company's 50-day moving average price is $81.07 and its two-hundred day moving average price is $79.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 0.88. The stock has a market capitalization of $5.01 billion, a P/E ratio of 25.42 and a beta of 0.87.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. MSC Industrial Direct had a return on equity of 14.99% and a net margin of 5.30%. The firm had revenue of $971.15 million for the quarter, compared to analyst estimates of $969.72 million. During the same period in the previous year, the company posted $1.33 earnings per share. The business's revenue was down .8% on a year-over-year basis. As a group, research analysts predict that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Wednesday, July 9th. MSC Industrial Direct's dividend payout ratio is currently 96.05%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MSM shares. Industrial Alliance Securities set a $89.00 target price on shares of MSC Industrial Direct in a research note on Tuesday, May 27th. Robert W. Baird increased their price target on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday. Loop Capital raised their price objective on MSC Industrial Direct from $74.00 to $84.00 and gave the company a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. raised MSC Industrial Direct from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $73.00 to $89.00 in a research note on Tuesday, May 27th. Finally, Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a research note on Sunday, April 6th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.33.

About MSC Industrial Direct

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.