MSC Industrial Direct Company, Inc. (NYSE:MSM) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a report released on Wednesday.

Several other brokerages have also commented on MSM. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Saturday, July 8th. BidaskClub raised MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. raised MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, April 19th. Credit Suisse Group raised MSC Industrial Direct from a “neutral” rating to an “outperform” rating and upped their target price for the company from $92.00 to $100.00 in a research note on Wednesday, April 19th. Finally, J P Morgan Chase & Co began coverage on MSC Industrial Direct in a research note on Friday, June 2nd. They issued an “overweight” rating and a $91.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.85.

MSC Industrial Direct (NYSE:MSM) traded down 0.83% during trading on Wednesday, hitting $67.28. The stock had a trading volume of 726,008 shares. The stock’s 50 day moving average price is $74.49 and its 200 day moving average price is $89.12. The firm has a market cap of $3.83 billion, a P/E ratio of 16.78 and a beta of 0.50. MSC Industrial Direct has a 12-month low of $66.89 and a 12-month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. The business had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. On average, analysts anticipate that MSC Industrial Direct will post $3.98 EPS for the current fiscal year.

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In related news, Director Philip Peller purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was purchased at an average cost of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now owns 2,422 shares in the company, valued at $174,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.28% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its stake in shares of MSC Industrial Direct by 66.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 69,076 shares of the industrial products company’s stock valued at $6,381,000 after buying an additional 27,553 shares in the last quarter. Bank of Montreal Can increased its stake in shares of MSC Industrial Direct by 21.8% in the first quarter. Bank of Montreal Can now owns 44,845 shares of the industrial products company’s stock valued at $4,609,000 after buying an additional 8,025 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of MSC Industrial Direct by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock valued at $1,161,000 after buying an additional 300 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of MSC Industrial Direct by 6.8% in the first quarter. Nisa Investment Advisors LLC now owns 15,810 shares of the industrial products company’s stock valued at $1,625,000 after buying an additional 1,000 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in shares of MSC Industrial Direct during the first quarter valued at about $373,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include 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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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