Sei Investments Co. Acquires 18,208 Shares of MSA Safety Incorporated (NYSE:MSA)

Sei Investments Co. boosted its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 110.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,749 shares of the industrial products company’s stock after buying an additional 18,208 shares during the quarter. Sei Investments Co. owned approximately 0.09% of MSA Safety worth $6,522,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSA. Ameritas Investment Partners Inc. boosted its holdings in shares of MSA Safety by 0.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 17,756 shares of the industrial products company’s stock worth $3,437,000 after buying an additional 65 shares during the period. Moody National Bank Trust Division grew its position in shares of MSA Safety by 7.3% in the second quarter. Moody National Bank Trust Division now owns 1,330 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 90 shares during the last quarter. CWM LLC increased its stake in shares of MSA Safety by 50.7% during the first quarter. CWM LLC now owns 306 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 103 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 worth $1,467,000 after purchasing an additional 147 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in MSA Safety by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 16,338 shares of the industrial products company’s stock valued at $2,758,000 after purchasing an additional 160 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Price Performance

Shares of NYSE MSA opened at $177.31 on Tuesday. The business has a fifty day moving average price of $179.76 and a two-hundred day moving average price of $184.28. The stock has a market capitalization of $6.98 billion, a PE ratio of 26.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54. MSA Safety Incorporated has a fifty-two week low of $147.35 and a fifty-two week high of $200.60.

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, beating analysts’ consensus estimates of $1.97 by $0.04. The business had revenue of $462.46 million during the quarter, compared to the consensus estimate of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. As a group, equities analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

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

Insider Buying and Selling

In other MSA Safety news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total transaction of $745,605.00. Following the completion of the transaction, the chief executive officer now directly owns 31,953 shares in the company, valued at $6,039,117. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSA has been the subject of a number of research reports. William Blair raised MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus boosted their price objective on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 26th.

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.