BlackRock Amends MSC Industrial Direct Stake, Filing SC 13G/A
Ticker: MSM · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1003078
| Field | Detail |
|---|---|
| Company | Msc Industrial Direct CO INC (MSM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in MSC Industrial Direct, filing an SC 13G/A.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership in MSC Industrial Direct Co Inc's Class A Common Stock as of December 31, 2023. This filing, Amendment No. 13, updates previous disclosures about BlackRock's passive investment in MSC Industrial Direct. This matters to investors because BlackRock is a major institutional investor, and changes in its reported holdings can signal shifts in its investment strategy or outlook for MSC Industrial Direct, potentially influencing other investors' perceptions of the stock.
Why It Matters
This filing shows BlackRock's updated passive ownership in MSC Industrial Direct, providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note BlackRock's continued passive interest in MSC Industrial Direct, but this filing alone doesn't suggest a need for immediate action. It's a routine update from a major institutional holder.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- MSC INDUSTRIAL DIRECT CO INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Class A Common Stock (other) — the type of securities held by BlackRock
- 553530106 (other) — the CUSIP number for MSC Industrial Direct's Class A Common Stock
Forward-Looking Statements
- BlackRock will continue to maintain a significant, passive stake in MSC Industrial Direct Co Inc. (BlackRock, Inc.) — high confidence, target: Q1 2025
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 13, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under 'Names of reporting persons' on the cover page of the filing.
What is the subject company whose securities are being reported?
The subject company is MSC INDUSTRIAL DIRECT CO INC, as stated under 'Name of Issuer' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of MSC Industrial Direct Co Inc is 553530106, as listed in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding MSC INDUSTRIAL DIRECT CO INC (MSM).