MSA Safety Incorporporated $MSA Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in MSA Safety Incorporporated (NYSE:MSA) by 59.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,191 shares of the industrial products company’s stock after selling 7,532 shares during the quarter. AlphaQuest LLC’s holdings in MSA Safety Incorporporated were worth $870,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd lifted its holdings in MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of MSA Safety Incorporporated by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 115.4% in the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 157 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of MSA Safety Incorporporated in the 2nd quarter valued at about $116,000. Finally, CWM LLC raised its stake in shares of MSA Safety Incorporporated by 96.1% in the 2nd quarter. CWM LLC now owns 696 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $168.34 on Monday. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $182.85. The firm has a 50-day simple moving average of $170.33 and a 200 day simple moving average of $166.40. The company has a market cap of $6.59 billion, a PE ratio of 24.01 and a beta of 0.99.

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

MSA Safety Incorporporated Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSA shares. DA Davidson upped their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Saturday. Finally, Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 target price on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, MSA Safety Incorporporated has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

MSA Safety Incorporporated 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.