American Century Companies Inc. Has $255.31 Million Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

American Century Companies Inc. boosted its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,418,260 shares of the industrial products company’s stock after buying an additional 193,860 shares during the period. American Century Companies Inc. owned about 0.06% of MSC Industrial Direct worth $255,310,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc acquired a new stake in shares of MSC Industrial Direct in the third quarter valued at about $363,000. KBC Group NV grew its position in shares of MSC Industrial Direct by 26.3% in the third quarter. KBC Group NV now owns 1,453 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC grew its position in shares of MSC Industrial Direct by 204.6% in the third quarter. Empowered Funds LLC now owns 9,935 shares of the industrial products company’s stock valued at $855,000 after purchasing an additional 6,673 shares during the last quarter. Natixis Advisors LLC grew its position in shares of MSC Industrial Direct by 16.2% in the third quarter. Natixis Advisors LLC now owns 29,592 shares of the industrial products company’s stock valued at $2,547,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of 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 last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

MSC Industrial Direct Stock Down 0.9 %

NYSE MSM opened at $77.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The firm has a 50-day simple moving average of $80.35 and a 200 day simple moving average of $81.42. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.35. The stock has a market cap of $4.33 billion, a PE ratio of 18.49 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business had revenue of $928.50 million during the quarter, compared to analysts’ expectations of $904.90 million. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Profile

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.