BNP Paribas Arbitrage SA reduced its stake in shares of MSA Safety Inc (NYSE:MSA) by 40.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,241 shares of the industrial products company’s stock after selling 2,939 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in MSA Safety were worth $447,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Icon Wealth Partners LLC purchased a new stake in shares of MSA Safety during the first quarter worth about $30,000. Starr International Co. Inc. purchased a new stake in shares of MSA Safety during the first quarter worth about $71,000. Piedmont Investment Advisors Inc. purchased a new stake in shares of MSA Safety during the first quarter worth about $204,000. Financial Counselors Inc. purchased a new stake in shares of MSA Safety during the first quarter worth about $250,000. Finally, Quantamental Technologies LLC boosted its holdings in shares of MSA Safety by 735.8% during the first quarter. Quantamental Technologies LLC now owns 2,499 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 2,200 shares during the period. Institutional investors own 75.94% of the company’s stock.
MSA Safety stock opened at $101.67 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.94 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $104.33 and a 200-day moving average of $104.05. The firm has a market cap of $3.97 billion, a P/E ratio of 22.59 and a beta of 1.26. MSA Safety Inc has a 1-year low of $86.72 and a 1-year high of $113.06.
MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.05. The company had revenue of $349.68 million during the quarter, compared to analyst estimates of $351.73 million. MSA Safety had a net margin of 8.89% and a return on equity of 28.35%. MSA Safety’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. Research analysts forecast that MSA Safety Inc will post 4.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.68 annualized dividend and a yield of 1.65%. MSA Safety’s dividend payout ratio (DPR) is presently 37.33%.
In other MSA Safety news, CFO Kenneth D. Krause sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $104.00, for a total value of $395,200.00. Following the completion of the sale, the chief financial officer now directly owns 20,308 shares in the company, valued at $2,112,032. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bob Willem Leenen sold 871 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.42, for a total transaction of $92,691.82. Following the completion of the sale, the vice president now owns 6,497 shares of the company’s stock, valued at $691,410.74. The disclosure for this sale can be found here. Company insiders own 9.12% of the company’s stock.
A number of analysts have recently weighed in on MSA shares. Zacks Investment Research lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. ValuEngine lowered shares of 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 given a buy rating to the stock. MSA Safety currently has a consensus rating of “Hold” and a consensus target price of $108.33.
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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