Poplar Forest Capital LLC grew its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 29.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 823,055 shares of the industrial products company’s stock after acquiring an additional 186,074 shares during the quarter. MSC Industrial Direct comprises approximately 4.7% of Poplar Forest Capital LLC’s holdings, making the stock its 2nd largest holding. Poplar Forest Capital LLC’s holdings in MSC Industrial Direct were worth $63,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSM. Comerica Bank increased its stake in MSC Industrial Direct by 0.5% in the fourth quarter. Comerica Bank now owns 29,636 shares of the industrial products company’s stock worth $2,477,000 after purchasing an additional 140 shares during the period. Paradice Investment Management LLC increased its stake in MSC Industrial Direct by 2.8% in the fourth quarter. Paradice Investment Management LLC now owns 533,254 shares of the industrial products company’s stock worth $41,018,000 after purchasing an additional 14,621 shares during the period. NorthCoast Asset Management LLC purchased a new stake in MSC Industrial Direct in the fourth quarter worth $560,000. River Road Asset Management LLC purchased a new stake in MSC Industrial Direct in the fourth quarter worth $48,220,000. Finally, Stevens Capital Management LP increased its stake in MSC Industrial Direct by 876.3% in the fourth quarter. Stevens Capital Management LP now owns 26,067 shares of the industrial products company’s stock worth $2,005,000 after purchasing an additional 23,397 shares during the period. Hedge funds and other institutional investors own 78.41% of the company’s stock.

In related news, VP Charles Bonomo sold 601 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $83.01, for a total transaction of $49,889.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Steve Armstrong sold 5,293 shares of the firm’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $82.48, for a total value of $436,566.64. Following the sale, the senior vice president now directly owns 7,561 shares in the company, valued at approximately $623,631.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,810 shares of company stock worth $1,635,422. 27.96% of the stock is owned by corporate insiders.

MSM has been the topic of several research reports. Zacks Investment Research lowered MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Jefferies Financial Group initiated coverage on MSC Industrial Direct in a research note on Monday, January 7th. They set a “buy” rating and a $92.00 price target on the stock. Stephens lowered MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price target on the stock. in a research note on Friday, February 8th. Buckingham Research set a $83.00 price target on MSC Industrial Direct and gave the company a “hold” rating in a research note on Thursday, January 10th. Finally, Wells Fargo & Co cut their price target on MSC Industrial Direct from $87.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, December 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $95.55.

Shares of MSC Industrial Direct stock opened at $86.31 on Friday. The firm has a market cap of $4.81 billion, a PE ratio of 16.99, a PEG ratio of 1.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.27 and a current ratio of 2.37. MSC Industrial Direct Co Inc has a 12 month low of $73.28 and a 12 month high of $96.58.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, January 9th. The industrial products company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01. MSC Industrial Direct had a return on equity of 21.97% and a net margin of 10.53%. The firm had revenue of $831.60 million for the quarter, compared to analyst estimates of $830.60 million. During the same quarter last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts predict that MSC Industrial Direct Co Inc will post 5.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Monday, January 7th. MSC Industrial Direct’s payout ratio is currently 49.61%.

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MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 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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