Janney Montgomery Scott LLC lifted its holdings in MSA Safety Inc (NYSE:MSA) by 5.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,389 shares of the industrial products company’s stock after buying an additional 125 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MSA Safety were worth $261,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new stake in MSA Safety during the 2nd quarter worth about $60,000. Acadian Asset Management LLC bought a new stake in MSA Safety during the 2nd quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MSA Safety by 8.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,260 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 182 shares during the last quarter. Brown Advisory Inc. bought a new stake in MSA Safety during the 2nd quarter worth about $244,000. Finally, Commonwealth Equity Services LLC raised its holdings in MSA Safety by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,907 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 107 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.
MSA has been the subject of several recent research reports. Zacks Investment Research cut MSA Safety from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $111.83.
Shares of NYSE:MSA opened at $124.63 on Monday. The stock has a market capitalization of $4.86 billion, a P/E ratio of 27.70 and a beta of 1.20. MSA Safety Inc has a 1-year low of $86.72 and a 1-year high of $126.62. The business has a 50-day moving average price of $114.84 and a two-hundred day moving average price of $107.44. The company has a current ratio of 2.62, a quick ratio of 1.88 and a debt-to-equity ratio of 0.56.
MSA Safety (NYSE:MSA) last posted its earnings results on Thursday, October 24th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.15. The company had revenue of $351.01 million during the quarter, compared to analyst estimates of $346.49 million. MSA Safety had a return on equity of 27.80% and a net margin of 9.37%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 EPS. As a group, equities analysts predict that MSA Safety Inc will post 4.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.68 annualized dividend and a dividend yield of 1.35%. MSA Safety’s payout ratio is currently 37.33%.
MSA Safety Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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