Trexquant Investment LP Makes New Investment in MSA Safety Incorporated (NYSE:MSA)

Trexquant Investment LP purchased a new position in MSA Safety Incorporated (NYSE:MSAGet Rating) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,191 shares of the industrial products company’s stock, valued at approximately $871,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lindbrook Capital LLC increased its position in shares of MSA Safety by 68.0% in the second quarter. Lindbrook Capital LLC now owns 247 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd boosted its stake in shares of MSA Safety by 71.7% during the first quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 124 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of MSA Safety during the second quarter valued at approximately $59,000. Van ECK Associates Corp raised its holdings in shares of MSA Safety by 15.9% during the first quarter. Van ECK Associates Corp now owns 858 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 118 shares in the last quarter. Finally, Windmill Hill Asset Management Ltd bought a new position in shares of MSA Safety during the first quarter valued at approximately $204,000. 76.95% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Stock Performance

NYSE:MSA opened at $141.28 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.47 and a quick ratio of 1.47. MSA Safety Incorporated has a 1 year low of $108.75 and a 1 year high of $154.68. The stock’s 50 day simple moving average is $123.49 and its two-hundred day simple moving average is $123.57. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 84.10 and a beta of 0.97.

MSA Safety Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Tuesday, November 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, November 14th. MSA Safety’s payout ratio is 109.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSA. StockNews.com initiated coverage on MSA Safety in a report on Wednesday, October 12th. They set a “buy” rating for the company. TheStreet raised MSA Safety from a “c” rating to a “b-” rating in a research report on Friday, November 11th. Finally, Stifel Nicolaus raised their target price on MSA Safety from $149.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th.

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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