Services Stocks on Investors' Radar -- Patterson, Owens & Minor, W.W. Grainger, and MSC Industrial Direct

Aug 03, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, August 3, 2016 /PRNewswire/ --

Focus today is on the U.S. Services arena which is responsible for about two-thirds of the nation's economic activity. Economic conditions have a great impact on the overall services sector, but given its broad scope, some companies are able to outweigh the uncertainties. This morning, looks at four equities in this space: Patterson Cos. Inc. (NASDAQ: PDCO), Owens & Minor Inc. (NYSE: OMI), W.W. Grainger Inc. (NYSE: GWW), and MSC Industrial Direct Co. Inc. (NYSE: MSM). Learn more about these stocks by downloading their comprehensive and free reports at:


On Tuesday, shares in St. Paul, Minnesota headquartered Patterson Cos. Inc. recorded a trading volume of 551,776 shares. The stock ended the day at $48.89, down 0.61%. The Company's shares have gained 1.36% in the last one month, 13.33% over the previous three months, and 9.81% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.15% and 8.24%, respectively. Furthermore, shares of Patterson, which distributes and sells dental and animal health products in the U.S., the U.K., and Canada, have a Relative Strength Index (RSI) of 48.72.

On July 22nd, 2016, Patterson announced that Todd Marshall will join the organization as chief marketing and digital officer. As a member of the company's executive team, Marshall will play a role in shaping corporate strategy and will be responsible for overseeing the company's marketing strategy, business intelligence and customer experience, including its industry-leading technology support center. Marshall's background includes serving as a management consultant with McKinsey & Company before moving into a variety of leadership roles with Target Corporation throughout his 14-year career there. PDCO complete research report is just a click away and free at:

Owens & Minor  

Mechanicsville, Virginia headquartered Owens & Minor Inc.'s stock finished yesterday's session 0.31% lower at $35.28 and with a total volume of 517,596 shares traded. Shares of the Company, which together with its subsidiaries operate as a healthcare logistics company, are trading below their 200-day moving average by 3.92%. The stock has an RSI of 32.29.

On August 3rd, 2016, Owens & Minor reported its financial results for the second quarter ended June 30, 2016. The company's consolidated revenues were $2.48 billion, an increase of 2.5% when compared to revenues of $2.42 billion in Q2 2015. The company stated that quarterly net income was $27.7 million, or $0.45 per diluted share, compared to $0.39 per diluted share in Q2 2015. Meanwhile, quarterly adjusted net income (non-GAAP) was $32.2 million, or $0.52 per diluted share, compared to $0.46 per diluted share in last year's Q2. The complimentary report on OMI can be downloaded at:

W.W. Grainger  

At the closing bell on Tuesday, shares in Lake Forest, Illinois-based W.W. Grainger Inc. saw a slight decline of 0.77%, ending the day at $216.51. The stock recorded a trading volume of 364,340 shares. The Company's shares have advanced 8.08% on an YTD basis. The stock is trading 1.35% above its 200-day moving average. Moreover, shares of W.W. Grainger, which distributes maintenance, repair, and operating supplies; and other related products and services that are used by businesses and institutions, have an RSI of 38.34.

On July 20th, 2016, research firm UBS reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price to $225 a share from $235 a share.

On July 27th, 2016, the board of directors of W.W. Grainger declared a cash dividend of $1.22 per share payable on September 1st, 2016, to shareholders of record on August 8th, 2016. Sign up for your complimentary research report on GWW at:

MSC Industrial Direct  

Melville, New York headquartered MSC Industrial Direct Co. Inc.'s stock ended the day 0.25% lower at $71.87. A total volume of 1.13 million shares was traded, which was above their three months average volume of 541,050 shares. The Company's shares have gained 1.30% in the last month and 30.15% on an YTD basis. The stock is trading 6.88% above its 200-day moving average. Additionally, shares of MSC Industrial Direct, which together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations products primarily in the U.S., have an RSI of 46.85.

On July 07th, 2016, MSC Industrial Direct announced that it has commenced a "modified Dutch auction" tender offer for up to $300 million of its Class A common stock at a price per share not less than $66.00 and not greater than $72.50. The tender offer will expire at 5:00 P.M., New York City time, on August 4th, 2016, unless extended by the Company. Get free access to your research report on MSM at:


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: Phone number:  +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA