Wedge Capital Management L L P NC Sells 25,991 Shares of MSA Safety Incorporated (NYSE:MSA)

Wedge Capital Management L L P NC decreased its stake in MSA Safety Incorporated (NYSE:MSAGet Rating) by 46.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,485 shares of the industrial products company’s stock after selling 25,991 shares during the period. Wedge Capital Management L L P NC owned 0.08% of MSA Safety worth $3,691,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MSA. State Street Corp grew its holdings in shares of MSA Safety by 10.4% in the 1st quarter. State Street Corp now owns 1,827,303 shares of the industrial products company’s stock valued at $242,483,000 after acquiring an additional 171,809 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of MSA Safety by 310.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,263 shares of the industrial products company’s stock valued at $6,537,000 after acquiring an additional 37,267 shares in the last quarter. Commerce Bank bought a new position in shares of MSA Safety in the 4th quarter valued at about $4,114,000. ProShare Advisors LLC grew its holdings in shares of MSA Safety by 17.5% in the 1st quarter. ProShare Advisors LLC now owns 164,969 shares of the industrial products company’s stock valued at $21,891,000 after acquiring an additional 24,597 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of MSA Safety by 563.9% in the 1st quarter. Renaissance Technologies LLC now owns 28,700 shares of the industrial products company’s stock valued at $3,808,000 after acquiring an additional 24,377 shares in the last quarter. Institutional investors own 76.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSA. StockNews.com upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th. Stifel Nicolaus raised their target price on shares of MSA Safety from $149.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th.

MSA Safety Trading Down 1.1 %

Shares of NYSE:MSA opened at $117.61 on Wednesday. MSA Safety Incorporated has a 52-week low of $112.89 and a 52-week high of $157.29. The company has a market capitalization of $4.60 billion, a P/E ratio of 115.30 and a beta of 0.91. The company has a 50-day simple moving average of $124.58 and a 200 day simple moving average of $125.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.50 and a current ratio of 2.51.

MSA Safety (NYSE:MSAGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The firm had revenue of $372.31 million during the quarter, compared to the consensus estimate of $363.70 million. MSA Safety had a net margin of 2.79% and a return on equity of 23.65%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. Sell-side analysts forecast that MSA Safety Incorporated will post 5.38 earnings per share for the current year.

MSA Safety Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Tuesday, August 16th were given a $0.46 dividend. The ex-dividend date was Monday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. MSA Safety’s payout ratio is 180.39%.

Insider Activity

In other news, Director William M. Lambert sold 28,767 shares of MSA Safety stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $126.11, for a total value of $3,627,806.37. Following the completion of the sale, the director now directly owns 42,869 shares in the company, valued at $5,406,209.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Robert A. Bruggeworth sold 885 shares of MSA Safety stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $131.00, for a total value of $115,935.00. Following the completion of the sale, the director now directly owns 2,423 shares in the company, valued at $317,413. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William M. Lambert sold 28,767 shares of MSA Safety stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $126.11, for a total transaction of $3,627,806.37. Following the completion of the transaction, the director now directly owns 42,869 shares in the company, valued at $5,406,209.59. The disclosure for this sale can be found here. 6.49% of the stock is owned by company insiders.

About MSA Safety

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MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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