American Century Amends MSC Industrial Direct Stake

TL;DR

**American Century just updated its MSC Industrial Direct holdings, watch for potential stock movement.**

AI Summary

American Century Investment Management, Inc. filed an amended SC 13G/A on February 12, 2024, indicating a change in their ownership of MSC Industrial Direct Co., Inc. Class A Common Stock as of December 31, 2023. While the exact percentage of ownership isn't explicitly stated in the provided text, the filing confirms their continued significant, though potentially adjusted, stake in the company. This matters to investors because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.

Why It Matters

Changes in institutional ownership can signal shifts in confidence or strategy, potentially impacting stock price and liquidity for MSC Industrial Direct Co., Inc. shareholders.

Risk Assessment

Risk Level: low — An SC 13G/A filing typically indicates passive investment changes, posing minimal immediate risk to the company or its stock.

Analyst Insight

Investors should monitor future SC 13G/A filings from American Century Investment Management, Inc. to track any further changes in their ownership percentage of MSC Industrial Direct Co., Inc., as significant increases or decreases could influence market perception.

Key Players & Entities

• American Century Investment Management, Inc. (company) — the reporting person filing the SC 13G/A
• MSC Industrial Direct Co., Inc. (company) — the issuer whose securities are being reported
• Delaware (company) — place of organization for American Century Investment Management, Inc.
• December 31, 2023 (date) — date of event requiring the filing
• February 12, 2024 (date) — date the filing was made

Forward-Looking Statements

• American Century Investment Management, Inc. will maintain a significant, passive stake in MSC Industrial Direct Co., Inc. for the foreseeable future. (American Century Investment Management, Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0000052388-24-000117.txt : 20240212 0000052388-24-000117.hdr.sgml : 20240212 20240212121556 ACCESSION NUMBER: 0000052388-24-000117 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MSC INDUSTRIAL DIRECT CO INC CENTRAL INDEX KEY: 0001003078 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 113289165 STATE OF INCORPORATION: NY FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44935 FILM NUMBER: 24618508 BUSINESS ADDRESS: STREET 1: 515 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 516-812-2000 MAIL ADDRESS: STREET 1: 515 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0000052388 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 440640487 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 BUSINESS PHONE: 816-531-5575 MAIL ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS RESEARCH CORP DATE OF NAME CHANGE: 19920929 SC 13G/A 1 mscindustrial13g-a2.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) * MSC INDUSTRIAL DIRECT CO., INC. (Name of Issuer) CLASS A COMMON STOCK (Title of Class of Securities) 553530106 (CUSIP Number) DECEMBER 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X    Rule 13d-1(b) ☐     Rule 13d-1(c) ☐     Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 8 Pages CUSIP No. 553530106 1. Names of Reporting Persons American Century Investment Management, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware   5. Sole Voting Power 1,532,484 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Reporting Person With: 7.   Sole Dispositive Power 1,570,296   8.   Shared Dispositive Power N/A 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,570,296 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐          11. Percent of Class Represented by Amount in Row (9) 2.78% 12. Type of Reporting Person (See Instructions) IA Page 2 of 8 Pages CUSIP No. 553530106 1. Names of Reporting Persons American Century Companies, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware   5. Sole Voting Power 1,532,484 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Reporting Person With: 7.   S