AlphaStar Capital Management LLC Makes New Investment in MSC Industrial Direct Co., Inc. (NYSE:MSM)

AlphaStar Capital Management LLC bought a new position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,713 shares of the industrial products company’s stock, valued at approximately $376,000.

Several other institutional investors and hedge funds have also made changes to their positions in MSM. Contravisory Investment Management Inc. acquired a new position in shares of MSC Industrial Direct during the 4th quarter worth approximately $25,000. GAMMA Investing LLC acquired a new position in MSC Industrial Direct in the fourth quarter valued at approximately $40,000. Salem Investment Counselors Inc. acquired a new position in MSC Industrial Direct in the fourth quarter valued at approximately $77,000. Principal Securities Inc. acquired a new position in MSC Industrial Direct in the fourth quarter valued at approximately $84,000. Finally, Headlands Technologies LLC acquired a new position in MSC Industrial Direct in the third quarter valued at approximately $93,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSM has been the topic of a number of recent research reports. Stephens reaffirmed an “overweight” rating and set a $110.00 price objective on shares of MSC Industrial Direct in a research report on Monday, April 1st. StockNews.com raised MSC Industrial Direct from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, MSC Industrial Direct currently has an average rating of “Moderate Buy” and a consensus target price of $107.00.

Check Out Our Latest Analysis on MSC Industrial Direct

MSC Industrial Direct Stock Down 0.3 %

NYSE:MSM traded down $0.29 during trading hours on Monday, hitting $92.70. The company’s stock had a trading volume of 111,239 shares, compared to its average volume of 458,068. The stock has a fifty day moving average of $94.99 and a 200-day moving average of $97.20. The stock has a market capitalization of $5.22 billion, a P/E ratio of 16.69 and a beta of 0.96. MSC Industrial Direct Co., Inc. has a 52-week low of $89.24 and a 52-week high of $105.77. The company has a current ratio of 2.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct (NYSE:MSMGet Free Report) last issued its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. The company had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. On average, equities analysts forecast that MSC Industrial Direct Co., Inc. will post 5.69 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.32 annualized dividend and a dividend yield of 3.58%. MSC Industrial Direct’s dividend payout ratio (DPR) is 59.61%.

MSC Industrial Direct Company Profile

(Free Report)

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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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