Value Holdings Management CO. LLC Has $6.79 Million Stock Position in MSC Industrial Direct Company, Inc. $MSM

Value Holdings Management CO. LLC lowered its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 16.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 80,750 shares of the industrial products company’s stock after selling 16,000 shares during the period. MSC Industrial Direct comprises 1.1% of Value Holdings Management CO. LLC’s holdings, making the stock its 22nd largest holding. Value Holdings Management CO. LLC owned about 0.14% of MSC Industrial Direct worth $6,791,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MSM. Quent Capital LLC bought a new stake in MSC Industrial Direct in the third quarter worth approximately $31,000. Hantz Financial Services Inc. boosted its holdings in shares of MSC Industrial Direct by 257.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock worth $33,000 after buying an additional 260 shares in the last quarter. Quarry LP boosted its holdings in shares of MSC Industrial Direct by 71.7% during the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of MSC Industrial Direct by 130.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock worth $49,000 after buying an additional 326 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of MSC Industrial Direct by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

NYSE MSM opened at $89.27 on Friday. The company has a market cap of $4.98 billion, a P/E ratio of 24.39 and a beta of 0.81. The company has a fifty day simple moving average of $90.40 and a 200 day simple moving average of $88.38. The company has a current ratio of 1.73, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. MSC Industrial Direct Company, Inc. has a 12-month low of $68.10 and a 12-month high of $96.99.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $965.68 million for the quarter, compared to the consensus estimate of $962.52 million. MSC Industrial Direct had a net margin of 5.37% and a return on equity of 15.73%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Sell-side analysts predict that MSC Industrial Direct Company, Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be given a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $3.48 annualized dividend and a yield of 3.9%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 95.08%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSM shares. Wall Street Zen downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. iA Financial set a $95.00 price target on shares of MSC Industrial Direct in a research note on Friday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $95.00 price objective on shares of MSC Industrial Direct in a report on Friday, February 6th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective on shares of MSC Industrial Direct in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.50.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.