MSC Industrial Direct Co., Inc. (MSM) Recent Ownership Changes

MSC Industrial Direct Co., Inc. (NYSE:MSM) has made a 20.65% comeback from a 12-month low price of $65.42. It was seen 4.45% higher, changing the price to $78.93, when the closing bell rang on 10/17/2017. At recent session, the prices were hovering between $75.96 and $79.23. This company shares are 5.16% off its target price of $83 and the current market capitalization stands at $4.46B. The recent change has given its price a 10.38% lead over SMA 50 and -25.33% deficit over its 52-week high. The stock witnessed 8.99% gains, 9.98% gains and -10.76% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MSM’s volatility during a week at 2.51% and during a month it has been found around 1.85%.

MSC Industrial Direct Co., Inc. (MSM) Top Holders

Institutional investors currently hold around $3.32 billion or 98.3% in MSM stock. Look at its top three institutional owners. Vanguard Group Inc owns $316.95 million in MSC Industrial Direct Co., Inc., which represents roughly 7.11% of the company’s market cap and approximately 9.55% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,674,326 shares of the stock are valued at $277.67 million. The third largest holder is Jpmorgan Chase & Co, which currently holds $236.12 million worth of this stock and that ownership represents nearly 5.29% of its market capitalization.

MSC Industrial Direct Co., Inc. 13F Filings

At the end of June reporting period, 168 institutional holders increased their position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by some 5,721,798 shares, 141 decreased positions by 6,448,819 and 30 held positions by 31,736,851. That puts total institutional holdings at 43,907,468 shares, according to SEC filings. The stock grabbed 44 new institutional investments totaling 1,069,871 shares while 48 institutional investors sold out their entire positions totaling 2,106,514 shares.

MSC Industrial Direct Co., Inc. (NYSE:MSM) Insider Trades

Multiple company employees have indulged in significant insider trading. MSC Industrial Direct Co., Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Peller Philip has acquired 1,000 shares of MSC Industrial Direct Co., Inc. (MSM) in trading session dated Jul. 19, 2017. These shares are worth $72,000 and were traded at $72 each. The SEC filing shows that Davanzo Christopher performed a sale of 2,942 shares. The SVP, Finance and Controller disposed these shares by way of transaction on Feb. 21, 2017. The company’s shares were given away at $105.5 per share worth to an income of some $310,381 on account of Davanzo Christopher.

SVP, SALES, Wright David, sold 2,341 common shares of MSC Industrial Direct Co., Inc. (MSM) in the open market. In a transaction dated Feb. 21, 2017, the shares were put up for sale at an average price of $105.29, raking in a sum of $246,484. After this sale, 19,323 common shares of MSM are directly owned by the insider, with total stake valued at $1,525,164.

In the transaction dated Feb. 17, 2017, the great number of shares disposed came courtesy the SVP, Chief People Officer; Heerdt Kari D disposed a total of 3,563 shares at an average price of $104.42, amounting to approximately $372,048. The insider now directly owns 5,398 shares worth $426,064.

MSC Industrial Direct Co., Inc. (MSM) Analyst Guide

Several analysts have released their opinion on MSC Industrial Direct Co., Inc. (NYSE:MSM), with 4 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.

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