Mackenzie Financial Corp Acquires Shares of 8,150 MSC Industrial Direct Co., Inc. (NYSE:MSM)

Mackenzie Financial Corp purchased a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,150 shares of the industrial products company's stock, valued at approximately $609,000.

Other hedge funds have also modified their holdings of the company. Vise Technologies Inc. grew its position in MSC Industrial Direct by 38.8% in the 4th quarter. Vise Technologies Inc. now owns 4,319 shares of the industrial products company's stock valued at $323,000 after acquiring an additional 1,207 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MSC Industrial Direct by 20.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 279,557 shares of the industrial products company's stock valued at $20,880,000 after purchasing an additional 48,411 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in MSC Industrial Direct by 312.5% in the fourth quarter. Voloridge Investment Management LLC now owns 236,111 shares of the industrial products company's stock worth $17,635,000 after acquiring an additional 178,870 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in MSC Industrial Direct in the fourth quarter worth about $433,000. Finally, Squarepoint Ops LLC boosted its holdings in MSC Industrial Direct by 42.7% in the fourth quarter. Squarepoint Ops LLC now owns 84,353 shares of the industrial products company's stock worth $6,300,000 after acquiring an additional 25,255 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSM has been the subject of several recent research reports. Loop Capital reduced their price target on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Industrial Alliance Securities set a $89.00 price objective on MSC Industrial Direct in a report on Tuesday, May 27th. Robert W. Baird lowered their price target on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. raised MSC Industrial Direct from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $73.00 to $89.00 in a research note on Tuesday, May 27th. Finally, Wolfe Research raised MSC Industrial Direct to a "strong-buy" rating in a research note on Sunday, April 6th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $86.00.

MSC Industrial Direct Trading Up 0.9%

Shares of MSM stock traded up $0.69 during mid-day trading on Friday, hitting $81.20. 364,293 shares of the company's stock were exchanged, compared to its average volume of 635,081. MSC Industrial Direct Co., Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $90.81. The stock has a 50-day simple moving average of $77.66 and a two-hundred day simple moving average of $79.51. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 19.38 and a beta of 0.90.

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. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The company had revenue of $891.70 million for the quarter, compared to analyst estimates of $908.30 million. During the same period last year, the company posted $1.18 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. Equities analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.19%. The ex-dividend date was Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio is currently 89.71%.

Insider Activity at MSC Industrial Direct

In other news, Director Mitchell Jacobson acquired 27,642 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of $69.77 per share, for a total transaction of $1,928,582.34. Following the completion of the acquisition, the director now owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.30% of the stock is owned by insiders.

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.