MSA Safety Incorporated (NYSE:MSA) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in shares of MSA Safety Incorporated (NYSE:MSA) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,931 shares of the industrial products company’s stock after selling 186 shares during the quarter. Xponance Inc.’s holdings in MSA Safety were worth $833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of MSA Safety by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after purchasing an additional 14,236 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in MSA Safety by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock valued at $336,233,000 after acquiring an additional 87,707 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MSA Safety by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 377,651 shares of the industrial products company’s stock valued at $59,537,000 after acquiring an additional 5,432 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in MSA Safety by 31.8% in the third quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock valued at $44,388,000 after acquiring an additional 67,902 shares in the last quarter. Finally, abrdn plc boosted its stake in MSA Safety by 68.9% in the third quarter. abrdn plc now owns 223,397 shares of the industrial products company’s stock valued at $35,219,000 after acquiring an additional 91,100 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $189.50.

Insider Activity

In related news, Director Rebecca B. Roberts sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total transaction of $200,024.00. Following the sale, 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 can be accessed through this hyperlink. In related news, Director Rebecca B. Roberts sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total transaction of $200,024.00. Following the sale, 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 can be accessed through this hyperlink. Also, CAO Jonathan D. Buck sold 305 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $185.50, for a total transaction of $56,577.50. Following the sale, the chief accounting officer now owns 3,506 shares in the company, valued at approximately $650,363. The disclosure for this sale can be found here. Insiders have sold 5,504 shares of company stock worth $1,017,991 over the last ninety days. 6.20% of the stock is currently owned by insiders.

MSA Safety Trading Down 1.1 %

NYSE MSA opened at $188.71 on Friday. The firm has a 50-day moving average price of $186.77 and a 200 day moving average price of $172.49. The stock has a market capitalization of $7.42 billion, a P/E ratio of 130.15 and a beta of 1.01. MSA Safety Incorporated has a 52-week low of $122.57 and a 52-week high of $196.02. The company has a quick ratio of 1.48, a current ratio of 2.36 and a debt-to-equity ratio of 0.60.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.88 by $0.18. The business had revenue of $495.00 million for the quarter, compared to analyst estimates of $467.52 million. MSA Safety had a net margin of 3.28% and a return on equity of 32.44%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 earnings per share. Equities research analysts expect that MSA Safety Incorporated will post 7.56 EPS for the current year.

About MSA Safety

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.