MSC Industrial Direct Company, Inc. $MSM Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 11.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,563 shares of the industrial products company's stock after purchasing an additional 4,118 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of MSC Industrial Direct worth $3,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in MSC Industrial Direct by 11,324.0% during the first quarter. GAMMA Investing LLC now owns 52,893 shares of the industrial products company's stock valued at $4,108,000 after purchasing an additional 52,430 shares during the last quarter. UMB Bank n.a. grew its holdings in MSC Industrial Direct by 51.1% during the first quarter. UMB Bank n.a. now owns 719 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 243 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in MSC Industrial Direct by 895.0% during the first quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 537 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in MSC Industrial Direct during the first quarter valued at approximately $257,000. Finally, Rockland Trust Co. grew its holdings in MSC Industrial Direct by 3.9% during the first quarter. Rockland Trust Co. now owns 17,569 shares of the industrial products company's stock valued at $1,365,000 after purchasing an additional 652 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Kimberly Shacklett sold 2,130 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $92.00, for a total value of $195,960.00. Following the sale, the senior vice president owned 14,657 shares in the company, valued at approximately $1,348,444. The trade was a 12.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 18.30% of the stock is owned by corporate insiders.

MSC Industrial Direct Stock Down 2.1%

MSM opened at $90.17 on Wednesday. MSC Industrial Direct Company, Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $94.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 0.91. The firm's fifty day moving average price is $89.66 and its two-hundred day moving average price is $84.04. The company has a market capitalization of $5.02 billion, a P/E ratio of 25.47 and a beta of 0.95.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of MSC Industrial Direct from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 5th. Loop Capital boosted their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a "hold" rating in a research report on Wednesday, July 2nd. Robert W. Baird boosted their target price on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Stephens boosted their target price on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of MSC Industrial Direct in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, MSC Industrial Direct currently has an average rating of "Hold" and a consensus target price of $90.33.

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.

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