Occudo Quantitative Strategies LP Sells 7,879 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Occudo Quantitative Strategies LP trimmed its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,793 shares of the industrial products company's stock after selling 7,879 shares during the quarter. Occudo Quantitative Strategies LP's holdings in MSC Industrial Direct were worth $1,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSM. Headlands Technologies LLC bought a new position in MSC Industrial Direct during the fourth quarter worth $25,000. Allworth Financial LP boosted its position in MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock worth $35,000 after purchasing an additional 342 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of MSC Industrial Direct during the fourth quarter worth $36,000. UMB Bank n.a. lifted its holdings in shares of MSC Industrial Direct by 54.0% during the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock worth $36,000 after buying an additional 167 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of MSC Industrial Direct by 77.0% during the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock worth $40,000 after buying an additional 231 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

MSC Industrial Direct Trading Up 0.0%

Shares of MSC Industrial Direct stock traded up $0.04 on Monday, reaching $81.50. 105,531 shares of the company's stock were exchanged, compared to its average volume of 639,881. The company has a market capitalization of $4.54 billion, a P/E ratio of 19.42 and a beta of 0.90. MSC Industrial Direct Co., Inc. has a 52 week low of $68.10 and a 52 week high of $92.77. The firm's 50-day moving average is $76.84 and its two-hundred day moving average is $79.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $891.70 million for the quarter, compared to analyst estimates of $908.30 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. MSC Industrial Direct'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 earnings per share. Sell-side analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio is currently 89.71%.

Analyst Upgrades and Downgrades

MSM has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Loop Capital dropped their price target on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Finally, Wolfe Research upgraded MSC Industrial Direct to a "strong-buy" rating in a research report on Sunday, April 6th. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $82.20.

Insider Activity

In other MSC Industrial Direct news, Director Mitchell Jacobson bought 27,642 shares of the stock in a transaction on Tuesday, April 8th. The shares were acquired at an average price of $69.77 per share, with a total value of $1,928,582.34. Following the acquisition, the director now directly owns 1,951,725 shares of the company's stock, valued at $136,171,853.25. The trade was a 1.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.30% of the company's stock.

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.