Alps Advisors Inc. Makes New Investment in MSA Safety Incorporporated $MSA

Alps Advisors Inc. bought a new position in MSA Safety Incorporporated (NYSE:MSA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 88,814 shares of the industrial products company’s stock, valued at approximately $15,282,000. Alps Advisors Inc. owned approximately 0.23% of MSA Safety Incorporporated as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSA. Allworth Financial LP raised its holdings 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 worth $50,000 after purchasing an additional 77 shares in the last quarter. GAMMA Investing LLC grew its position in shares of MSA Safety Incorporporated by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 477 shares of the industrial products company’s stock worth $82,000 after buying an additional 79 shares during the period. Snowden Capital Advisors LLC increased its stake in shares of MSA Safety Incorporporated by 3.8% in the 2nd quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 85 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of MSA Safety Incorporporated by 1.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 9,297 shares of the industrial products company’s stock worth $1,614,000 after acquiring an additional 91 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Activity at MSA Safety Incorporporated

In related news, CAO Jonathan D. Buck sold 333 shares of MSA Safety Incorporporated stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the completion of the sale, the chief accounting officer directly owned 4,434 shares in the company, valued at approximately $713,874. This trade represents a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MSA has been the topic of a number of recent research reports. Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. started coverage on MSA Safety Incorporporated in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $200.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $189.20.

MSA Safety Incorporporated Trading Up 3.5%

Shares of NYSE MSA opened at $193.75 on Monday. The firm’s 50 day moving average price is $170.55 and its 200-day moving average price is $169.06. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $194.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.86 and a current ratio of 3.08. The company has a market cap of $7.59 billion, a PE ratio of 27.33 and a beta of 0.98.

MSA Safety Incorporporated Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 13th. MSA Safety Incorporporated’s dividend payout ratio is presently 29.90%.

MSA Safety Incorporporated Company Profile

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.