Algert Global LLC Increases Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Algert Global LLC boosted its position in MSA Safety Incorporated (NYSE:MSA) by 98.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,221 shares of the industrial products company’s stock after purchasing an additional 11,021 shares during the period. Algert Global LLC owned about 0.06% of MSA Safety worth $4,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in MSA Safety by 0.4% in the first quarter. Ameritas Investment Partners Inc. now owns 17,756 shares of the industrial products company’s stock worth $3,437,000 after purchasing an additional 65 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of MSA Safety by 7.3% during the 2nd quarter. Moody National Bank Trust Division now owns 1,330 shares of the industrial products company’s stock valued at $250,000 after buying an additional 90 shares in the last quarter. CWM LLC lifted its position in shares of MSA Safety by 50.7% during the 1st quarter. CWM LLC now owns 306 shares of the industrial products company’s stock valued at $59,000 after buying an additional 103 shares in the last quarter. Bank of Montreal Can lifted its position in shares of MSA Safety by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company’s stock valued at $1,307,000 after buying an additional 109 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MSA Safety by 1.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,814 shares of the industrial products company’s stock valued at $1,467,000 after buying an additional 147 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MSA shares. Stifel Nicolaus lifted their price objective on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th. William Blair raised MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th.

MSA Safety Stock Up 0.2 %

NYSE MSA opened at $177.31 on Tuesday. The stock’s 50 day moving average is $179.76 and its 200 day moving average is $184.28. The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. MSA Safety Incorporated has a 12 month low of $147.35 and a 12 month high of $200.60. The stock has a market cap of $6.98 billion, a PE ratio of 26.27 and a beta of 0.99.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.04. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The company had revenue of $462.46 million for the quarter, compared to analysts’ expectations of $461.30 million. Research analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current fiscal year.

MSA Safety Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, August 15th. MSA Safety’s payout ratio is 30.22%.

Insider Activity

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total transaction of $745,605.00. Following the transaction, the chief executive officer now owns 31,953 shares of the company’s stock, valued at approximately $6,039,117. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.20% of the company’s stock.

MSA Safety Company 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.