Insider Selling: MSC Industrial Direct Co Inc (MSM) Director Sells 1,500 Shares of Stock
MSC Industrial Direct Co Inc (NYSE:MSM) Director Denis F. Kelly sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total transaction of $132,645.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE MSM remained flat at $$87.38 on Friday. The company’s stock had a trading volume of 297,475 shares, compared to its average volume of 337,107. The stock has a market cap of $4.92 billion, a PE ratio of 17.94, a PEG ratio of 1.08 and a beta of 0.53. MSC Industrial Direct Co Inc has a 52-week low of $71.68 and a 52-week high of $99.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 2.11.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.39. The firm had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $834.43 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. MSC Industrial Direct’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. equities analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSM. Macquarie Group Ltd. purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $110,000. Asset Management One Co. Ltd. purchased a new position in shares of MSC Industrial Direct during the 1st quarter valued at approximately $191,000. Quantbot Technologies LP purchased a new position in shares of MSC Industrial Direct during the 1st quarter valued at approximately $199,000. CHICAGO TRUST Co NA purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $218,000. Finally, Nomura Holdings Inc. purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.
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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