Mountain Pacific Investment Advisers LLC Sells 110,283 Shares of MSA Safety Incorporporated $MSA

Mountain Pacific Investment Advisers LLC trimmed its holdings in shares of MSA Safety Incorporporated (NYSE:MSA) by 80.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,041 shares of the industrial products company’s stock after selling 110,283 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in MSA Safety Incorporporated were worth $4,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of MSA Safety Incorporporated during the 2nd quarter worth about $158,997,000. Cooke & Bieler LP raised its stake in shares of MSA Safety Incorporporated by 14.4% in the 2nd quarter. Cooke & Bieler LP now owns 813,762 shares of the industrial products company’s stock valued at $136,330,000 after acquiring an additional 102,318 shares in the last quarter. M&G PLC lifted its holdings in MSA Safety Incorporporated by 5,607.2% in the 2nd quarter. M&G PLC now owns 722,251 shares of the industrial products company’s stock worth $121,338,000 after purchasing an additional 709,596 shares during the last quarter. First Trust Advisors LP boosted its position in MSA Safety Incorporporated by 12.2% during the second quarter. First Trust Advisors LP now owns 614,887 shares of the industrial products company’s stock worth $103,012,000 after purchasing an additional 66,977 shares during the period. Finally, Channing Capital Management LLC boosted its position in MSA Safety Incorporporated by 4.6% during the second quarter. Channing Capital Management LLC now owns 516,459 shares of the industrial products company’s stock worth $86,522,000 after purchasing an additional 22,804 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity at MSA Safety Incorporporated

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

MSA Safety Incorporporated Price Performance

NYSE:MSA opened at $183.94 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.08 and a quick ratio of 1.86. The stock has a market cap of $7.20 billion, a P/E ratio of 25.94 and a beta of 0.97. The company has a fifty day moving average price of $164.58 and a 200 day moving average price of $168.39. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $185.54.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.04. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. The company had revenue of $468.45 million for the quarter, compared to the consensus estimate of $461.37 million. During the same quarter in the previous year, the firm posted $1.83 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.12 annualized dividend and a yield of 1.2%. MSA Safety Incorporporated’s dividend payout ratio is 29.90%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MSA shares. Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings downgraded shares of MSA Safety Incorporporated from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $186.50.

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.