MSC Industrial Direct’s (MSM) Hold Rating Reiterated at Susquehanna Bancshares
MSC Industrial Direct (NYSE:MSM)‘s stock had its “hold” rating reiterated by Susquehanna Bancshares in a research note issued on Wednesday. They currently have a $92.00 price target on the industrial products company’s stock. Susquehanna Bancshares’ price objective would indicate a potential downside of 7.31% from the company’s previous close.
A number of other equities analysts have also recently commented on MSM. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Wednesday. Raymond James Financial reissued an “outperform” rating and set a $105.00 target price (up from $95.00) on shares of MSC Industrial Direct in a research note on Thursday. They noted that the move was a valuation call. UBS Group cut MSC Industrial Direct from a “strong-buy” rating to an “outperform” rating in a research note on Thursday. BMO Capital Markets boosted their target price on MSC Industrial Direct from $83.00 to $92.00 and gave the company a “market perform” rating in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of MSC Industrial Direct in a research note on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $92.25.
Shares of MSC Industrial Direct (NYSE MSM) traded up $2.07 during trading on Wednesday, reaching $99.26. The company’s stock had a trading volume of 543,300 shares, compared to its average volume of 502,450. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5,600.00, a PE ratio of 24.57, a P/E/G ratio of 1.89 and a beta of 0.67. MSC Industrial Direct has a 1-year low of $65.42 and a 1-year high of $105.70.
In related news, EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mitchell Jacobson sold 104,101 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $80.91, for a total value of $8,422,811.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,541 shares of company stock valued at $18,264,812. 31.28% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in MSC Industrial Direct by 30.6% in the third quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock worth $28,150,000 after buying an additional 87,188 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of MSC Industrial Direct by 37.4% in the third quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock worth $996,000 after acquiring an additional 3,589 shares during the period. DF Dent & Co. Inc. boosted its stake in shares of MSC Industrial Direct by 37.5% in the third quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 1,203 shares during the period. California Public Employees Retirement System boosted its stake in shares of MSC Industrial Direct by 6.3% in the third quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock worth $10,686,000 after acquiring an additional 8,409 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of MSC Industrial Direct in the third quarter worth about $7,409,000. Institutional investors own 75.55% of the company’s stock.
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MSC Industrial Direct Company Profile
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.
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