UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Cuts Stake in MSA Safety Incorporporated $MSA

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its holdings in shares of MSA Safety Incorporporated (NYSE:MSA) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,175 shares of the industrial products company’s stock after selling 142,743 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.36% of MSA Safety Incorporporated worth $78,211,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSA. United Services Automobile Association bought a new position in MSA Safety Incorporporated during the first quarter valued at approximately $367,000. Dynamic Technology Lab Private Ltd bought a new position in MSA Safety Incorporporated during the first quarter valued at approximately $757,000. Integrated Wealth Concepts LLC bought a new stake in shares of MSA Safety Incorporporated in the 1st quarter valued at approximately $501,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of MSA Safety Incorporporated by 12.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 13,366 shares of the industrial products company’s stock valued at $1,961,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of MSA Safety Incorporporated by 39.8% in the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after purchasing an additional 13,501 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

MSA has been the subject of several analyst reports. DA Davidson raised their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price objective for the company. Finally, Wall Street Zen raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, MSA Safety Incorporporated currently has a consensus rating of “Hold” and an average price target of $189.20.

MSA Safety Incorporporated Trading Down 1.5%

NYSE:MSA opened at $169.40 on Friday. The firm has a 50-day simple moving average of $173.39 and a 200-day simple moving average of $162.13. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $187.41. The firm has a market cap of $6.63 billion, a P/E ratio of 24.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.90 and a current ratio of 3.11.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The firm had revenue of $474.12 million during the quarter, compared to analysts’ expectations of $446.46 million. During the same period in the prior year, the business posted $2.01 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated’s payout ratio is 30.24%.

MSA Safety Incorporporated 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.