Artemis Investment Management LLP Purchases Shares of 3,849 MSA Safety Incorporated (NYSE:MSA)

Artemis Investment Management LLP acquired a new position in shares of MSA Safety Incorporated (NYSE:MSAFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,849 shares of the industrial products company’s stock, valued at approximately $650,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in MSA Safety by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after buying an additional 14,236 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of MSA Safety during the third quarter valued at approximately $461,000. Graham Capital Management L.P. acquired a new stake in shares of MSA Safety in the third quarter valued at approximately $389,000. Lord Abbett & CO. LLC raised its position in MSA Safety by 31.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock worth $44,388,000 after purchasing an additional 67,902 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in MSA Safety during the 3rd quarter worth $1,138,000. Institutional investors own 92.51% of the company’s stock.

MSA Safety Stock Up 2.6 %

NYSE:MSA opened at $193.90 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 2.36 and a debt-to-equity ratio of 0.60. MSA Safety Incorporated has a 12-month low of $122.57 and a 12-month high of $193.91. The stock’s fifty day simple moving average is $177.43 and its 200-day simple moving average is $168.51. The firm has a market capitalization of $7.62 billion, a P/E ratio of 133.73 and a beta of 1.00.

MSA Safety (NYSE:MSAGet Free Report) last issued its earnings results on Wednesday, February 14th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. The firm had revenue of $495.00 million for the quarter, compared to analysts’ expectations of $467.52 million. MSA Safety had a return on equity of 32.44% and a net margin of 3.28%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.80 earnings per share. Equities research analysts expect that MSA Safety Incorporated will post 7.73 earnings per share for the current year.

MSA Safety Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 10th. Shareholders of record on Thursday, February 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, February 14th. MSA Safety’s payout ratio is presently 129.66%.

Analyst Ratings Changes

MSA has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on MSA Safety from $200.00 to $209.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. StockNews.com raised MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.50.

Get Our Latest Research Report on MSA

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 4,099 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the transaction, the chief executive officer now owns 67,800 shares of the company’s stock, valued at approximately $12,593,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MSA Safety news, CAO Jonathan D. Buck sold 305 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $185.50, for a total value of $56,577.50. Following the completion of the sale, the chief accounting officer now directly owns 3,506 shares in the company, valued at $650,363. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nishan J. Vartanian sold 4,099 shares of MSA Safety stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the transaction, the chief executive officer now owns 67,800 shares in the company, valued at approximately $12,593,850. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,504 shares of company stock worth $1,017,991. Company insiders own 6.20% of the company’s stock.

MSA Safety Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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