Amalgamated Bank Sells 520 Shares of MSA Safety Incorporated (NYSE:MSA)

Amalgamated Bank cut its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,284 shares of the industrial products company’s stock after selling 520 shares during the quarter. Amalgamated Bank’s holdings in MSA Safety were worth $4,100,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Great Valley Advisor Group Inc. bought a new stake in MSA Safety during the 4th quarter worth approximately $1,256,000. New York Life Investment Management LLC raised its holdings in shares of MSA Safety by 6.7% in the fourth quarter. New York Life Investment Management LLC now owns 4,195 shares of the industrial products company’s stock valued at $708,000 after buying an additional 265 shares during the last quarter. Victory Capital Management Inc. lifted its position in MSA Safety by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,842 shares of the industrial products company’s stock worth $1,324,000 after buying an additional 1,203 shares in the last quarter. Anchor Capital Advisors LLC grew its holdings in MSA Safety by 11.1% during the 4th quarter. Anchor Capital Advisors LLC now owns 11,789 shares of the industrial products company’s stock worth $1,990,000 after acquiring an additional 1,181 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in MSA Safety by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 46,280 shares of the industrial products company’s stock valued at $7,813,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Trading Down 0.2 %

Shares of NYSE MSA opened at $187.66 on Thursday. The company’s 50 day simple moving average is $187.82 and its 200 day simple moving average is $174.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.51 and a quick ratio of 1.54. MSA Safety Incorporated has a fifty-two week low of $134.26 and a fifty-two week high of $196.02. The firm has a market capitalization of $7.39 billion, a P/E ratio of 27.80 and a beta of 1.01.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.14. The business had revenue of $413.00 million for the quarter, compared to analyst estimates of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.36 EPS. On average, analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.51 per share. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, May 14th. MSA Safety’s payout ratio is presently 27.85%.

Insider Activity at MSA Safety

In related news, CAO Jonathan D. Buck sold 305 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 3,506 shares in the company, valued at $650,363. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Nishan J. Vartanian sold 11,000 shares of MSA Safety stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the transaction, the chief executive officer now owns 56,800 shares in the company, valued at approximately $10,524,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jonathan D. Buck sold 305 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $185.50, for a total value of $56,577.50. Following the sale, the chief accounting officer now directly owns 3,506 shares of the company’s stock, valued at $650,363. The disclosure for this sale can be found here. Insiders have sold 16,504 shares of company stock worth $3,056,181 in the last ninety days. Company insiders own 6.07% of the company’s stock.

Analyst Ratings Changes

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

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.