PNC Financial Services Group Inc. Has $303,000 Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

PNC Financial Services Group Inc. decreased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 11.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,054 shares of the industrial products company’s stock after selling 520 shares during the period. PNC Financial Services Group Inc.’s holdings in MSC Industrial Direct were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MSM. First Horizon Advisors Inc. boosted its position in MSC Industrial Direct by 53.0% during the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 141 shares during the last quarter. Allworth Financial LP boosted its position in MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 342 shares during the last quarter. UMB Bank n.a. boosted its position in MSC Industrial Direct by 54.0% during the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 167 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in MSC Industrial Direct during the fourth quarter valued at $36,000. Finally, V Square Quantitative Management LLC boosted its position in MSC Industrial Direct by 77.0% during the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

NYSE MSM opened at $77.46 on Friday. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.35. 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 stock has a market capitalization of $4.33 billion, a PE ratio of 18.49 and a beta of 0.90. The stock has a 50-day simple moving average of $80.35 and a 200 day simple moving average of $81.42.

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

Analyst Ratings Changes

A number of analysts have weighed in on MSM shares. Wolfe Research started coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target for the company. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct currently has an average rating of “Hold” and a consensus price target of $83.80.

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.