Trexquant Investment LP increased its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 216.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,128 shares of the industrial products company’s stock after purchasing an additional 29,478 shares during the period. Trexquant Investment LP owned approximately 0.08% of MSC Industrial Direct worth $3,659,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in MSC Industrial Direct by 24.0% in the 4th quarter. LPL Financial LLC now owns 4,508 shares of the industrial products company’s stock worth $437,000 after acquiring an additional 873 shares in the last quarter. Wells Fargo & Company MN lifted its stake in MSC Industrial Direct by 33.8% in the 1st quarter. Wells Fargo & Company MN now owns 90,230 shares of the industrial products company’s stock worth $8,275,000 after acquiring an additional 22,794 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in MSC Industrial Direct in the 1st quarter worth about $11,320,000. American Century Companies Inc. lifted its stake in MSC Industrial Direct by 10.2% in the 1st quarter. American Century Companies Inc. now owns 2,097,340 shares of the industrial products company’s stock worth $192,347,000 after acquiring an additional 193,659 shares in the last quarter. Finally, W. E. Donoghue & Co. LLC purchased a new stake in shares of MSC Industrial Direct during the 1st quarter worth about $576,000. 77.10% of the stock is owned by hedge funds and other institutional investors.

MSM opened at $86.04 on Friday. MSC Industrial Direct Co Inc has a fifty-two week low of $65.42 and a fifty-two week high of $99.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.11 and a quick ratio of 1.14. The stock has a market cap of $4.80 billion, a PE ratio of 21.24, a PEG ratio of 1.23 and a beta of 0.58.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.39. The company had revenue of $828.30 million during the quarter, compared to the consensus estimate of $834.43 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. research analysts forecast that MSC Industrial Direct Co Inc will post 5.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 24th. Stockholders of record on Tuesday, July 10th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, July 9th. MSC Industrial Direct’s dividend payout ratio is 57.28%.

A number of equities research analysts have recently weighed in on MSM shares. Zacks Investment Research raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Northcoast Research set a $95.00 price target on MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, July 13th. ValuEngine raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Wells Fargo & Co cut their price target on MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a research note on Thursday, July 12th. Finally, BMO Capital Markets cut their price target on MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a research note on Thursday, July 12th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $101.23.

In other news, SVP Gregory Polli sold 8,696 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $82.38, for a total transaction of $716,376.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mitchell Jacobson sold 100,000 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $95.00, for a total value of $9,500,000.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $4,750,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,079 shares of company stock worth $12,437,720. 31.38% of the stock is currently owned by insiders.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

Featured Article: What is a Leveraged Buyout (LBO)?

Want to see what other hedge funds are holding MSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSC Industrial Direct Co Inc (NYSE:MSM).

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

Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.