Van Lanschot Kempen Investment Management N.V. Increases Position in MSC Industrial Direct Company, Inc. $MSM

Key Points

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Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 15.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,698 shares of the industrial products company's stock after purchasing an additional 43,034 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.57% of MSC Industrial Direct worth $24,520,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MSM. Clearstead Trust LLC acquired a new stake in MSC Industrial Direct during the 1st quarter valued at $25,000. Investment Management Corp VA ADV lifted its holdings in MSC Industrial Direct by 207.8% during the 1st quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 268 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in MSC Industrial Direct during the 1st quarter valued at $32,000. Farther Finance Advisors LLC lifted its holdings in MSC Industrial Direct by 895.0% during the 1st 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. Finally, GAMMA Investing LLC lifted its holdings in MSC Industrial Direct by 47.1% during the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Insiders Place Their Bets

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

MSC Industrial Direct Stock Performance

MSM stock traded up $3.8150 during midday trading on Friday, hitting $90.7250. The company's stock had a trading volume of 333,090 shares, compared to its average volume of 407,330. The stock's 50-day moving average price is $86.73 and its 200 day moving average price is $81.45. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Company, Inc. has a 1 year low of $68.10 and a 1 year high of $92.68. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 25.63 and a beta of 0.92.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 1st. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate 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 prior year, the company earned $1.33 EPS. The company's revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, July 9th. MSC Industrial Direct's dividend payout ratio (DPR) is currently 96.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MSM shares. Industrial Alliance Securities set a $89.00 price target on MSC Industrial Direct in a report on Tuesday, May 27th. JPMorgan Chase & Co. upgraded MSC Industrial Direct from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $73.00 to $89.00 in a research report on Tuesday, May 27th. Loop Capital increased their price objective on MSC Industrial Direct from $74.00 to $84.00 and gave the stock a "hold" rating in a research report on Wednesday, July 2nd. Stephens increased their price objective on 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, Robert W. Baird increased their price objective on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, MSC Industrial Direct 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.