MSC Industrial Direct's (MSM) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• MSC Industrial Direct's stock rating was reiterated as "Hold (C+)" by Weiss Ratings, indicating a cautionary stance toward the stock's future performance.
• The company's share price recently traded at $89.57, reflecting a slight increase from previous trading volumes, while it has a 52-week low of $68.10 and a high of $94.31.
• Financial analysts have varied opinions, with one rating the stock as a "Buy" while six others issued "Hold" ratings, leading to a consensus price target of $90.33.

MSC Industrial Direct (NYSE:MSM - Get Free Report)'s stock had its "hold (c+)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

MSM has been the topic of several other reports. Robert W. Baird upped their price target on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Stephens upped their price target on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Loop Capital increased their price objective on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a "hold" rating in a research note on Wednesday, July 2nd. Zacks Research downgraded shares of MSC Industrial Direct from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Wolfe Research downgraded shares of MSC Industrial Direct from an "outperform" rating to a "peer perform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, MSC Industrial Direct currently has a consensus rating of "Hold" and a consensus price target of $90.33.

MSC Industrial Direct Stock Performance

Shares of MSM stock traded up $0.04 on Wednesday, hitting $89.57. The company's stock had a trading volume of 32,139 shares, compared to its average volume of 577,274. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92. The stock's 50 day moving average is $89.71 and its 200-day moving average is $84.07. MSC Industrial Direct has a fifty-two week low of $68.10 and a fifty-two week high of $94.31. The company has a market capitalization of $4.99 billion, a PE ratio of 25.29 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSM. UMB Bank n.a. increased its stake in shares of MSC Industrial Direct by 51.1% in the 1st quarter. UMB Bank n.a. now owns 719 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 243 shares in the last quarter. Farther Finance Advisors LLC grew its position in MSC Industrial Direct by 895.0% in 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 period. GAMMA Investing LLC grew its position in MSC Industrial Direct by 47.1% in 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 period. Simon Quick Advisors LLC purchased a new position in MSC Industrial Direct during the 1st quarter worth $257,000. Finally, Rockland Trust Co. boosted its holdings in MSC Industrial Direct by 3.9% during the 1st quarter. Rockland Trust Co. now owns 17,569 shares of the industrial products company's stock worth $1,365,000 after acquiring an additional 652 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

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.

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