MSA Safety Incorporated (NYSE:MSA) Stock Holdings Lifted by Quadrature Capital Ltd

Quadrature Capital Ltd lifted its position in MSA Safety Incorporated (NYSE:MSAFree Report) by 332.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,492 shares of the industrial products company’s stock after acquiring an additional 7,298 shares during the quarter. Quadrature Capital Ltd’s holdings in MSA Safety were worth $1,603,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of MSA Safety in the fourth quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in MSA Safety during the 4th quarter worth about $26,000. Quadrant Capital Group LLC grew its stake in MSA Safety by 51.2% during the 4th quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Global Retirement Partners LLC purchased a new position in MSA Safety during the 4th quarter valued at about $46,000. Finally, Fifth Third Bancorp lifted its position in shares of MSA Safety by 28.2% in the fourth quarter. Fifth Third Bancorp now owns 336 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Performance

Shares of NYSE MSA opened at $171.23 on Monday. MSA Safety Incorporated has a one year low of $146.65 and a one year high of $196.02. The business’s 50-day moving average price is $186.79 and its two-hundred day moving average price is $178.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.51 and a quick ratio of 1.54. The company has a market capitalization of $6.74 billion, a P/E ratio of 25.37 and a beta of 0.99.

MSA Safety (NYSE:MSAGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. The business had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. Analysts anticipate that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from MSA Safety’s previous quarterly dividend of $0.47. MSA Safety’s dividend payout ratio (DPR) is currently 30.22%.

Insider Activity at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 11,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were 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 directly owns 56,800 shares of the company’s stock, valued at $10,524,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Nishan J. Vartanian sold 11,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 56,800 shares in the company, valued at approximately $10,524,472. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the transaction, the chief executive officer now directly owns 67,800 shares in the company, valued at $12,593,850. The disclosure for this sale can be found here. 6.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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About MSA Safety

(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.

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

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