MSC Industrial DirectMSM
Market Cap: $4.39B
About: MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the US.
Employees: 7,377
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.89% less ownership
Funds ownership: 78.24% [Q1] → 77.35% (-0.89%) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 159
11% less funds holding
Funds holding: 458 [Q1] → 409 (-49) [Q2]
19% less capital invested
Capital invested by funds: $4.28B [Q1] → $3.45B (-$827M) [Q2]
45% less call options, than puts
Call options by funds: $6.38M | Put options by funds: $11.7M
49% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 99
100% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 0 (-5) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Loop Capital Chris Dankert 56% 1-year accuracy 5 / 9 met price target | 4%downside $75 | Hold Maintained | 3 Jul 2024 |
JP Morgan Patrick Baumann 0 / 0 met price target | 2%upside $80 | Neutral Maintained | 3 Jul 2024 |
Loop Capital Chris Dankert 56% 1-year accuracy 5 / 9 met price target | 2%upside $80 | Hold Downgraded | 17 Jun 2024 |
Stephens & Co. Tommy Moll 92% 1-year accuracy 22 / 24 met price target | 41%upside $110 | Overweight Reiterated | 14 Jun 2024 |
Baird David Manthey 48% 1-year accuracy 10 / 21 met price target | 7%upside $84 | Neutral Maintained | 14 Jun 2024 |