SG Americas Securities LLC Increases Stake in MSA Safety Incorporated (NYSE:MSA)

SG Americas Securities LLC grew its stake in MSA Safety Incorporated (NYSE:MSAFree Report) by 56.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,487 shares of the industrial products company’s stock after purchasing an additional 4,496 shares during the period. SG Americas Securities LLC’s holdings in MSA Safety were worth $2,108,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MSA. Contravisory Investment Management Inc. acquired a new position in shares of MSA Safety in the 4th quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new position in shares of MSA Safety in the fourth quarter worth about $26,000. Covestor Ltd raised its position in shares of MSA Safety by 71.7% in the first quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 124 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of MSA Safety during the 3rd quarter worth about $39,000. Finally, NewEdge Advisors LLC grew its position in shares of MSA Safety by 398.7% during the 1st quarter. NewEdge Advisors LLC now owns 394 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 315 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Stock Down 0.3 %

MSA stock opened at $193.18 on Thursday. MSA Safety Incorporated has a 52 week low of $122.57 and a 52 week high of $194.56. The company has a quick ratio of 1.48, a current ratio of 2.36 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $178.06 and a 200-day simple moving average of $168.68. The stock has a market capitalization of $7.60 billion, a P/E ratio of 133.23 and a beta of 1.00.

MSA Safety (NYSE:MSAGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.88 by $0.18. The company had revenue of $495.00 million during the quarter, compared to analyst estimates of $467.52 million. MSA Safety had a return on equity of 32.44% and a net margin of 3.28%. MSA Safety’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS. Equities analysts forecast that MSA Safety Incorporated will post 7.73 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 10th. Investors of record on Thursday, February 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, February 14th. MSA Safety’s dividend payout ratio is currently 129.66%.

Wall Street Analyst Weigh In

MSA has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on MSA Safety from $200.00 to $209.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. StockNews.com raised MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.50.

Read Our Latest Stock Report on MSA

Insider Buying and Selling at MSA Safety

In other news, CAO Jonathan D. Buck sold 305 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $185.50, for a total transaction of $56,577.50. Following the completion of the sale, the chief accounting officer now owns 3,506 shares of the company’s stock, valued at $650,363. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Rebecca B. Roberts sold 1,100 shares of MSA Safety stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total transaction of $200,024.00. Following the transaction, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jonathan D. Buck sold 305 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $185.50, for a total value of $56,577.50. Following the completion of the sale, the chief accounting officer now owns 3,506 shares of the company’s stock, valued at $650,363. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,504 shares of company stock worth $1,017,991. Corporate insiders own 6.20% of the company’s stock.

MSA Safety Company Profile

(Free Report)

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.

See Also

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

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