Insider Filings: What after Christopher Davanzo’s Insider Sale of MSC Industrial Direct Co Inc (NYSE:MSM) Stock?

November 23, 2016 - By Linda Rogers

Insider Filings: What after Christopher Davanzo's Insider Sale of MSC Industrial Direct Co Inc (NYSE:MSM) Stock?

Christopher Davanzo Insider Sell

Christopher Davanzo, an insider of Msc Industrial Direct Co Inc, currently SVP – Finance and Controller lately disclosed a deal with the SEC. As discovered in the public form, Christopher Davanzo sold 3,881 shares of the public firm, priced at $87.0 per share. $337,647 USD was the deal’s value. The SEC filing’s date was 23-11-2016. It seems he is very active lately as in the last month, he silently unloaded additional 3,000 shares of the company, worth $250,500 USD. Christopher Davanzo presently owns 6,505 shares or 0.01% of Msc Industrial Direct Co Inc’s market cap.

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

Out of 9 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. $85 is the highest target while $55 is the lowest. The $71.14 average target is -18.53% below today’s ($87.32) stock price. MSC Industrial Direct Co. has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Sterne Agee CRT on Tuesday, March 22. Macquarie Research initiated MSC Industrial Direct Co Inc (NYSE:MSM) on Friday, August 26 with “Neutral” rating. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Underperform” rating given on Friday, June 17 by Credit Suisse. The firm has “Underweight” rating by Barclays Capital given on Wednesday, May 25. The firm has “Underperform” rating by Credit Suisse given on Friday, August 19. The firm has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The firm has “Equalweight” rating by Barclays Capital given on Thursday, April 7. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Equal-Weight” rating given on Wednesday, October 28 by Stephens. The rating was initiated by Gabelli on Friday, January 15 with “Buy”. Gabelli initiated the stock with “Buy” rating in Monday, January 18 report.

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.61, from 1.42 in 2016Q1. The ratio fall, as 27 funds sold all MSC Industrial Direct Co Inc shares owned while 86 reduced positions. 52 funds bought stakes while 108 increased positions. They now own 47.57 million shares or 0.06% less from 47.60 million shares in 2016Q1.

Menta Capital Ltd Llc last reported 11,578 shares in the company. Moreover, Da Davidson And has 0% invested in MSC Industrial Direct Co Inc (NYSE:MSM) for 429 shares. Northcoast Asset Limited Co accumulated 32,130 shares or 0.15% of the stock. Walleye Trading Limited Co has 14,662 shares for 0.01% of their US portfolio. Grandeur Peak Advsrs Ltd Llc owns 63,800 shares or 0.97% of their US portfolio. Commerce Commercial Bank owns 3,725 shares or 0% of their US portfolio. The New York-based Millennium Management Limited has invested 0.03% in MSC Industrial Direct Co Inc (NYSE:MSM). Amalgamated Commercial Bank has 7,213 shares for 0.03% of their US portfolio. Cantillon Ltd Liability has 1.82% invested in the company for 1.53M shares. Cornerstone Mngmt Ltd Liability Corp accumulated 189,595 shares or 0.11% of the stock. Bessemer Group Inc Inc has 9,860 shares for 0% of their US portfolio. Tiverton Asset Mngmt Limited Co has invested 0.23% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). Proshare Advsrs Limited Liability Corp, a Maryland-based fund reported 4,308 shares. Glenmede Trust Na has 10,340 shares for 0% of their US portfolio. Southeast Asset Advsrs holds 10,705 shares or 0.25% of its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 6 insider sales for $1.46 million net activity. Another trade for 999 shares valued at $84,086 was made by Jones Douglas E on Friday, November 18. 3,732 shares were sold by Armstrong Steve, worth $273,728 on Friday, August 19. Davanzo Christopher had sold 3,000 shares worth $250,500 on Tuesday, November 15. 2,169 shares with value of $183,199 were sold by BARUCH STEVEN N on Friday, November 18. $339,528 worth of shares were sold by Bonomo Charles on Thursday, November 17.

About 105,960 shares traded hands. MSC Industrial Direct Co Inc (NYSE:MSM) has risen 16.50% since April 21, 2016 and is uptrending. It has outperformed by 11.17% the S&P500.

MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and activities services and products. The company has a market cap of $4.95 billion. The Company’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. It has a 23.15 P/E ratio. The Firm serves a range of clients 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.

According to Zacks Investment Research, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements.”

Analysts await MSC Industrial Direct Co Inc (NYSE:MSM) to report earnings on January, 4. They expect $0.93 earnings per share, up 4.49% or $0.04 from last year’s $0.89 per share. MSM’s profit will be $52.72 million for 23.47 P/E if the $0.93 EPS becomes a reality. After $1.02 actual earnings per share reported by MSC Industrial Direct Co Inc for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.

More important recent MSC Industrial Direct Co Inc (NYSE:MSM) news were published by: Marketwatch.com which released: “MSC Industrial Direct Co.” on December 21, 2009, also Quotes.Wsj.com published article titled: “News MSC Industrial Direct Co.MSM”, Nasdaq.com published: “Ex-Dividend Reminder: Allison Transmission Holdings, MSC Industrial Direct and ..” on November 08, 2016. More interesting news about MSC Industrial Direct Co Inc (NYSE:MSM) was released by: Fool.com and their article: “MSC Industrial Direct Co.: Near-Term Pain, Long-Term Gain?” with publication date: October 31, 2015.

MSM Company Profile

MSC Industrial Direct Co., Inc., incorporated on October 25, 1995, is a North American distributor of metalworking and maintenance, repair and activities (MRO) services and products. The Company’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 Firm serves a range of clients 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. The Company’s federal government clients include large and small military bases, veterans affairs hospitals, federal correctional facilities and the United States Postal Service, among others. The Company’s national account program also includes privately held companies and international companies doing business in the United States.

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