Allspring Global Investments Holdings LLC Has $88,000 Holdings in MSA Safety Incorporated (NYSE:MSA)

Allspring Global Investments Holdings LLC decreased its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 60.5% in the 4th quarter, Holdings Channel reports. The fund owned 522 shares of the industrial products company’s stock after selling 798 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MSA Safety were worth $88,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSA. AE Wealth Management LLC grew its holdings in shares of MSA Safety by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 2,183 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 143 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of MSA Safety during the third quarter worth $1,260,000. Suncoast Equity Management increased its holdings in shares of MSA Safety by 48.5% during the third quarter. Suncoast Equity Management now owns 3,795 shares of the industrial products company’s stock worth $598,000 after buying an additional 1,240 shares in the last quarter. Raymond James & Associates lifted its stake in shares of MSA Safety by 1.0% in the 3rd quarter. Raymond James & Associates now owns 57,753 shares of the industrial products company’s stock valued at $9,105,000 after acquiring an additional 562 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MSA Safety by 12.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,213 shares of the industrial products company’s stock valued at $1,137,000 after acquiring an additional 779 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling at MSA Safety

In other news, Director Rebecca B. Roberts sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total transaction of $200,024.00. Following the completion of the transaction, the director now directly owns 8,474 shares in the company, valued at $1,540,912.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Rebecca B. Roberts sold 1,100 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 8,474 shares in the company, valued at $1,540,912.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nishan J. Vartanian sold 4,099 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total transaction of $761,389.25. Following the completion of the transaction, the chief executive officer now owns 67,800 shares in the company, valued at approximately $12,593,850. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,504 shares of company stock worth $1,017,991. Insiders own 6.07% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.50.

MSA Safety Trading Down 0.4 %

MSA opened at $188.01 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.36 and a quick ratio of 1.48. MSA Safety Incorporated has a fifty-two week low of $122.57 and a fifty-two week high of $196.02. The company’s 50 day moving average price is $187.16 and its two-hundred day moving average price is $173.19. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 129.66 and a beta of 1.01.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. The company 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%. MSA Safety’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. As a group, research analysts predict that MSA Safety Incorporated will post 7.56 earnings per share for the current year.

MSA Safety Company Profile

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.