MSA Safety Incorporporated (NYSE:MSA) Downgraded by Wall Street Zen to “Hold”

MSA Safety Incorporporated (NYSE:MSA) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages also recently issued reports on MSA. JPMorgan Chase & Co. began coverage on shares of MSA Safety Incorporporated in a research report on Tuesday. They issued a “neutral” rating and a $200.00 price target on the stock. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated Trading Up 3.5%

NYSE MSA opened at $193.75 on Friday. The firm has a market capitalization of $7.59 billion, a PE ratio of 27.33 and a beta of 0.98. The business’s 50-day moving average price is $170.55 and its two-hundred day moving average price is $169.18. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.48. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $194.39.

Insider Buying and Selling at MSA Safety Incorporporated

In other news, CAO Jonathan D. Buck sold 333 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total transaction of $53,613.00. Following the transaction, the chief accounting officer owned 4,434 shares in the company, valued at approximately $713,874. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in MSA Safety Incorporporated by 1.6% during the 4th quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 64 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of MSA Safety Incorporporated by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 73 shares during the period. Allworth Financial LP lifted its stake in MSA Safety Incorporporated by 34.8% in the second quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 77 shares during the last quarter. GAMMA Investing LLC grew its holdings in MSA Safety Incorporporated by 19.8% during the third quarter. GAMMA Investing LLC now owns 477 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 79 shares during the period. Finally, Snowden Capital Advisors LLC increased its position in MSA Safety Incorporporated by 3.8% in the second quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company’s stock worth $390,000 after buying an additional 85 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.