MSC Industrial Direct Co Inc (MSM) Shares Bought by Itau Unibanco Holding S.A.

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Itau Unibanco Holding S.A. increased its stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 703.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,271 shares of the industrial products company’s stock after acquiring an additional 2,864 shares during the period. Itau Unibanco Holding S.A.’s holdings in MSC Industrial Direct were worth $278,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. acquired a new stake in shares of MSC Industrial Direct during the first quarter worth $191,000. Quantbot Technologies LP acquired a new stake in shares of MSC Industrial Direct during the first quarter worth $199,000. CHICAGO TRUST Co NA acquired a new stake in shares of MSC Industrial Direct during the second quarter worth $218,000. Meeder Asset Management Inc. raised its holdings in shares of MSC Industrial Direct by 374.5% during the second quarter. Meeder Asset Management Inc. now owns 3,089 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 2,438 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in shares of MSC Industrial Direct during the first quarter worth $271,000. Institutional investors and hedge funds own 74.91% of the company’s stock.

In other news, SVP Gregory Polli sold 8,696 shares of MSC Industrial Direct stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $82.38, for a total value of $716,376.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denis F. Kelly sold 1,500 shares of MSC Industrial Direct stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total transaction of $132,645.00. The disclosure for this sale can be found here. 31.28% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the stock. BMO Capital Markets dropped their price objective on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating on the stock in a report on Thursday, July 12th. Zacks Investment Research lowered shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Thursday, July 5th. Wells Fargo & Co dropped their price objective on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating on the stock in a report on Thursday, July 12th. ValuEngine upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, Northcoast Research set a $95.00 price objective on shares of MSC Industrial Direct and gave the stock a “buy” rating in a report on Friday, July 13th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $101.23.

Shares of MSM stock opened at $87.58 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. MSC Industrial Direct Co Inc has a 1 year low of $67.93 and a 1 year high of $99.94. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.07 and a beta of 0.53.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.39. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The firm had revenue of $828.30 million for the quarter, compared to analyst estimates of $834.43 million. During the same period in the previous year, the business earned $1.09 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. research analysts expect that MSC Industrial Direct Co Inc will post 5.06 EPS for the current year.

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.

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

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