New York: MSC Industrial (NYSE:MSM) Stock Has Just Had Its “Hold” Rating Reiterated by Wells Fargo. Shares now Have a $86.0 Target

January 23, 2018 - By Peter Erickson

 New York: MSC Industrial (NYSE:MSM) Stock Has Just Had Its

Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.02, from 1.33 in 2017Q2. It turned negative, as 39 investors sold MSC Industrial Direct Co., Inc. shares while 75 reduced holdings. 49 funds opened positions while 100 raised stakes. 41.32 million shares or 3.65% less from 42.88 million shares in 2017Q2 were reported.

9,900 were accumulated by Nine Chapters Capital Mngmt Lc. Great Lakes Advsr Ltd Liability Corp accumulated 78,631 shares or 0.14% of the stock. Aqr Mgmt Limited Company holds 126,879 shares. Comerica National Bank owns 35,380 shares. Paloma Prns Mngmt invested in 0.02% or 18,179 shares. Oakbrook Investments Ltd Liability Co holds 0.02% or 4,085 shares in its portfolio. Rhumbline Advisers has invested 0.02% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Regions Corporation owns 4,335 shares. Bright Rock Capital Management Ltd Llc reported 0.17% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM). The Massachusetts-based Geode Mngmt Limited Liability Company has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Ameriprise has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Quantbot Technologies Ltd Partnership owns 41,300 shares. Country Trust Natl Bank reported 0% stake. New York State Teachers Retirement Sys reported 79,078 shares. Public Employees Retirement Association Of Colorado accumulated 8,973 shares.

Since November 10, 2017, it had 0 buys, and 5 sales for $12.13 million activity. 64,040 MSC Industrial Direct Co., Inc. (NYSE:MSM) shares with value of $6.14 million were sold by JACOBSON MITCHELL. Bonomo Charles sold 1,800 shares worth $165,942. $1.13 million worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) shares were sold by Davanzo Christopher. $1.82M worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) was sold by Armstrong Steve on Tuesday, January 16.

MSC Industrial (NYSE:MSM) Rating Reaffirmed

In an analyst report revealed to investors and clients on 1 November, The “Hold” rating of MSC Industrial (NYSE:MSM) shares was reiterated by Wells Fargo, who now has a $86.0 target on the stock. Wells Fargo’s target suggests a possible downside of -9.26 % from the last stock close of the company.

Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.02, from 1.33 in 2017Q2. It turned negative, as 39 investors sold MSC Industrial Direct Co., Inc. shares while 75 reduced holdings. 49 funds opened positions while 100 raised stakes. 41.32 million shares or 3.65% less from 42.88 million shares in 2017Q2 were reported.

9,900 were accumulated by Nine Chapters Capital Mngmt Lc. Great Lakes Advsr Ltd Liability Corp accumulated 78,631 shares or 0.14% of the stock. Aqr Mgmt Limited Company holds 126,879 shares. Comerica National Bank owns 35,380 shares. Paloma Prns Mngmt invested in 0.02% or 18,179 shares. Oakbrook Investments Ltd Liability Co holds 0.02% or 4,085 shares in its portfolio. Rhumbline Advisers has invested 0.02% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Regions Corporation owns 4,335 shares. Bright Rock Capital Management Ltd Llc reported 0.17% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM). The Massachusetts-based Geode Mngmt Limited Liability Company has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Ameriprise has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Quantbot Technologies Ltd Partnership owns 41,300 shares. Country Trust Natl Bank reported 0% stake. New York State Teachers Retirement Sys reported 79,078 shares. Public Employees Retirement Association Of Colorado accumulated 8,973 shares.

Since November 10, 2017, it had 0 buys, and 5 sales for $12.13 million activity. 64,040 MSC Industrial Direct Co., Inc. (NYSE:MSM) shares with value of $6.14 million were sold by JACOBSON MITCHELL. Bonomo Charles sold 1,800 shares worth $165,942. $1.13 million worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) shares were sold by Davanzo Christopher. $1.82M worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) was sold by Armstrong Steve on Tuesday, January 16.

MSC Industrial Direct Co., Inc. (NYSE:MSM) Ratings Coverage

Among 18 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. MSC Industrial Direct Co. has $114.0 highest and $55 lowest target. $92.25’s average target is -2.67% below currents $94.78 stock price. MSC Industrial Direct Co. had 59 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained MSC Industrial Direct Co., Inc. (NYSE:MSM) on Wednesday, November 1 with “Market Perform” rating. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) earned “Buy” rating by Gabelli on Monday, January 18. The stock has “Sector Weight” rating by KeyCorp on Wednesday, April 5. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, March 22. The rating was maintained by Credit Suisse with “Buy” on Monday, December 4. The firm earned “Hold” rating on Wednesday, November 1 by Wells Fargo. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, September 15 report. Gabelli downgraded MSC Industrial Direct Co., Inc. (NYSE:MSM) rating on Thursday, December 8. Gabelli has “Hold” rating and $105 target. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) has “Buy” rating given on Friday, December 15 by Northcoast. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) has “Hold” rating given on Tuesday, June 6 by BMO Capital Markets.

The stock increased 0.83% or $0.78 during the last trading session, reaching $94.78. About 261,209 shares traded. MSC Industrial Direct Co., Inc. (NYSE:MSM) has risen 18.92% since January 23, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and activities products primarily in the United States, Canada, and the United Kingdom. The company has market cap of $5.35 billion. The companyÂ’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. It has a 22.89 P/E ratio. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com.

More notable recent MSC Industrial Direct Co., Inc. (NYSE:MSM) news were published by: Nasdaq.com which released: “MSC Industrial Direct (MSM) Shares Cross Above 200 DMA” on November 28, 2017, also Seekingalpha.com with their article: “Better Late Than Never For MSC Industrial” published on November 02, 2017, Seekingalpha.com published: “More on MSC Industrial Direct’s Q1” on January 10, 2018. More interesting news about MSC Industrial Direct Co., Inc. (NYSE:MSM) were released by: Twst.com and their article: “MSC Industrial Direct Co. Inc.: MSC Reports Fiscal 2018 First Quarter Results” published on January 10, 2018 as well as Seekingalpha.com‘s news article titled: “MSC Industrial – Current Margin Challenges Could Be Just A Start” with publication date: July 17, 2017.

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