Shares of the company are trading at $80.18 a tad above the 50 day moving average of $74.36 and which is marginally over the 200 day moving average of $79.22. The 50 day moving average was up $5.82 whereas the 200 day average was up by +1.21%. MSC Industrial Direct Company, shares had a trading volume of 400K in the last trading session. Trading volume was up 3.51% over the stocks average daily volume.
Traders are feeling more bullish on shares of MSC Industrial Direct Company, lately as implied by the fall in short interest. The company realized a fall in short interest of -5.59% as of September 29, 2017 from the last reporting period. Short interest fell 142,528 over that period. Days to cover decreased from 7.0 to 5.0 and the short interest percentage is 0.04% as of September 29.
The following firms have recently changed their position in MSM. Mountain Pacific Investment Advisers Inc/id expanded its holdings by buying 20,660 shares an increase of 11.1% from 06/30/2017 to 09/30/2017. Mountain Pacific Investment Advisers Inc/id now holds 206,829 shares valued at $15,630,000. The value of the position overall is down by 2.3%. As of the end of the quarter State Treasurer State Of Michigan had sold a total of 1,600 shares trimming its stake by 8.6%. The value in dollars decreased from $1,599,000 to $1,285,000 a change of $314,000 quarter to quarter.
As of quarter end Alpha Windward LLC had acquired 2,340 shares growing its position 51.3%. The value of the investment in MSC Industrial Direct Company, went from $469,000 to $521,000 increasing 11.1% since the last quarter. Robeco Institutional Asset Management B.v. trimmed its stake by shedding 746,851 shares a decrease of 99.1%. Robeco Institutional Asset Management B.v. claims 7,149 shares with a value of $540,000. The total value of its holdings decreased 99.2%.
On July 13 Credit Suisse made no change to the company rating of “Outperform” but raised the price expectation from $65.00 to $93.00. July 13 investment analysts at Baird held the company rating at “Neutral” and raised the price expectation to $85.00 from $77.00.
On July 25, 2017 Northcoast Research added the stock to its research portfolio giving it an initial rating of “Neutral”. On August 4 the company was downgraded from “Overweight” to “Neutral” and a price target of $76.00 was set in a report from JP Morgan.
Equity analyst JP Morgan downgraded the stock and lowered the price target on August 4 changing the price objective from $91.00 to $76.00 and moving the rating from “Overweight” to “Neutral”.
The company is trading up by 0.73% percent from yesterday’s close. Additionally MSC Industrial Direct Company, recently announced a dividend paid on Tuesday the 1st of August 2017. The dividend was $0.450 per share for the quarter which is $1.80 annualized. This dividend represents a yield of $2.26. The ex-dividend date was set for Friday the 14th of July 2017.
The company’s P/E ratio is 20.00 and market capitalization is 4.57B. In the last earnings report the EPS was $4.01 and is estimated to be $3.97 for the current year with 56,952,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.03 with next year’s EPS anticipated to be $4.38.
MSC Industrial Direct Co., Inc., launched on October 25, 1995, is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Business’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. The Company serves a range of customers throughout the United States, Canada and the United Kingdom, from individual machine shops, to manufacturing companies, to government agencies, such as the General Services Administration and the Department of Defense. It also serves durable and non-durable goods manufacturing, education and healthcare markets, among others. Its federal government customers include large and small military bases, veterans affairs hospitals, federal correctional facilities and the United States Postal Service, among others. Its national account program also includes privately held companies and international companies doing business in the United States..