Seizert Capital Partners LLC Cuts Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Seizert Capital Partners LLC decreased its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 99.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,384 shares of the industrial products company’s stock after selling 358,399 shares during the quarter. Seizert Capital Partners LLC’s holdings in MSC Industrial Direct were worth $253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in MSC Industrial Direct by 8,289.7% in the third quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company’s stock valued at $1,466,000 after purchasing an additional 16,828 shares during the period. Barclays PLC raised its position in MSC Industrial Direct by 36.9% in the third quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock valued at $2,195,000 after purchasing an additional 6,864 shares during the period. Pathstone Holdings LLC raised its position in MSC Industrial Direct by 36.4% in the third quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company’s stock valued at $1,989,000 after purchasing an additional 6,172 shares during the period. XTX Topco Ltd raised its position in MSC Industrial Direct by 398.1% in the third quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company’s stock valued at $1,365,000 after purchasing an additional 12,676 shares during the period. Finally, Farther Finance Advisors LLC raised its position in MSC Industrial Direct by 892.9% in the third quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 625 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

NYSE:MSM opened at $77.80 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $80.16 and a two-hundred day simple moving average of $81.75. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 18.57 and a beta of 0.91. MSC Industrial Direct Co., Inc. has a 52 week low of $72.79 and a 52 week high of $100.69.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, equities analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.37%. MSC Industrial Direct’s payout ratio is currently 81.15%.

Wall Street Analyst Weigh In

MSM has been the subject of several research reports. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target for the company. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.80.

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.